12 Best Solar Companies in Annandale, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Annandale

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. Some key things that affect the cost and possible savings include:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much power your household needs: If your family uses a lot of energy, you'll benefit more from installing solar panels.
• The amount of sunlight your roof gets: Due to Annandale's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• Incentives: Those who purchase and install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $17,000 on your energy bills over 20 years not including incentives.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Annandale

Because solar power is better for the environment than traditional energy sources, there are quite a few government incentives in place to encourage people to make the switch. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Annandale

Swapping traditional energy for solar is a good way to do your part for a cleaner and more sustainable future. You may be curious — how much does making the switch help the planet anyway? If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. Once you go solar, your carbon emissions can be lowered by about 90 pounds each year. As you can see, using solar power has so many other benefits besides saving money. One of the main ones is that you can help save the Earth too.