15 Best Solar Companies in Austin, MN (Jun 2022 Review)

The Cost and Benefits of Solar in Austin

When picking a solar company, most homeowners or business owners care about the costs above all. A few main factors that dictate how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• Your current electricity bills: Solar panels can greatly reduce, or entirely get rid of, your utility bills. In Austin, you can save an average of $116 a month.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Installing solar panels may be too pricey an investment for families that don't use a good amount of energy per month.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Austin

There are many reasons why going solar is a great investment. One of them includes some government incentives you can take advantage of. These incentives normally include cash rebates, tax benefits and/or performance-based incentives. They can cut the cost you pay for going solar by 26 to 50% in some cases. The table below shows you the incentives you can take advantage of in Austin.

Environmental Impact of Switching to Solar in Austin

Going solar can have a meaningful effect on the environment. You may be trying to figure out — how much does going solar help the environment anyway? How much energy you use is a significant factor to keep in mind. The more electricity your household consumes, the bigger your impact when you switch to solar energy. Even though solar panel production emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Austin, you can reduce your carbon footprint by 90 pounds a year with solar panels. The advantages of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.