17 Best Solar Companies in Byron, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Byron

For many homeowners, the decision to invest in solar panels comes down to the cost. The cost and possible savings vary depending on a few key factors such as:

• Incentives: Those who buy and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your energy bills over 20 years not including incentives.
• average energy usage: The more energy your household consumes on average and the higher your current energy bills are, the more likely you'll benefit from switching to solar.
• Your current energy bills: Solar panels can dramatically reduce, or entirely eliminate, your utility bills. In Byron, you can save an average of $122 a month.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

As a result of solar panels decreasing in cost as well as several solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Byron

One of the good things about installing a solar panel system is earning federal and potentially state incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other state and city rebates and benefits. Our article on solar incentives has more information on the incentives you can find in Byron.

Environmental Impact of Switching to Solar in Byron

There are a few key reasons why people are interested in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Byron, though. The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll likely find that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.