17 Best Solar Companies in Cannon Falls, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Cannon Falls

We understand that for most homeowners, the choice to invest in solar comes down to installation costs. Some key factors that influence how much it will cost to install solar panels on your home and how much it could save you over time are:

• Energy consumption: Installing solar panels may be an expensive option for families that don't consume too much energy per month.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. In addition, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• Your home's power bills: Because of fairly high monthly power bills in Cannon Falls, you could save about $1,400 a year with solar.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Cannon Falls

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in most cases, stack with the federal incentive, so you can save even more. Check out the table below to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Cannon Falls

There are many reasons to trade traditional energy for solar power, like saving money on utility bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help the environment by going solar? Your energy usage is an important factor to keep in mind. The more electricity your household consumes, the larger your impact when you go solar. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In Cannon Falls, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar power is plentiful and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the planet.