12 Best Solar Companies in Annandale, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Annandale

The cost of putting up solar panels has gone down greatly in the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• How much power your household needs: If your family uses a lot of energy, you'll benefit more from installing solar panels.
• The type of solar panels you want: Higher-efficiency panels cost more, so that will shape your budget for your solar project.
• Your home's power bills: With fairly high monthly energy bills in Annandale, you could save about $1,300 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $17,000 over the first 20 years with your system, too.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, such as the size of your house and your energy consumption.

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 our article on solar incentives

Environmental Impact of Switching to Solar in Annandale

Many want to do what they can to help save the environment, which often is the main reason for installing solar panels. Something many might be asking themselves is how much can they really help save the environment by switching to solar power anyway? In a city like Annandale where energy use is rather high, switching to solar energy is a good plan for those who are eco-conscious. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar power is plentiful and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the environment.