Solar Panel Costs Near Minneapolis, MN (55420)
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55420 is an urban area. with a population of 24,008 and household incomes above the national median ($77,539). There are 8 solar installers operations in ZIP 55420.
Area Profile
24,008
Population
$77,539
Median Income
+4% vs. national
Urban
Area Type
Median Age: 38.8 —
mixed-age market, broad menu appeal.
College-Educated: 21.5% —
value-focused market, keep prices competitive.
Competition
Solar Installers and related businesses in ZIP 55420.
8
Solar Installers
Moderate — proven market
3.3 per 10K residents
6
Roofing Contractors
2.5 per 10K residents
What this means:
Solar Installers are 57.1% of the relevant market in ZIP 55420 (8 vs. 6 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,277
Median Gross Rent
$310 K
Median Home Value
8
Bank Branches
$1.9 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Solar Installers
- 8
- Related Businesses
- 6
- Bank Branches
- 8
vs. National Average
Median Income
+4% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits