17 Best Solar Companies in Cambridge, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Cambridge

For many people considering switching to solar, the decision of which solar installer to hire comes down to total costs. The overall price and potential savings vary depending on some important factors such as:

• Your current electricity bills: Solar panels can significantly lower, or entirely get rid of, your utility bills. In Cambridge, you can save an average of $127 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $20,000 over the first 20 years with your solar panels, too.
• The amount of sunlight your rooftop gets: Due to Cambridge's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• The model of solar panel system you have the money for: This is dependent on how much you're willing to invest upfront.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the size of your house and incentives.

Solar Incentives in Cambridge

If you're thinking about making the switch to solar energy, several government incentives and solar rebates can greatly reduce your project costs and speed up the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives you can benefit from too. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Cambridge

Installing solar panels can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Cambridge, though. The more power your household uses, the better off the planet will be if you switch to solar since you won't need to use as much nonrenewable energy. After you go solar, your carbon dioxide emissions can be reduced by about 90 pounds a year. If you care about the environment, you'll likely understand that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.