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

The Cost and Benefits of Solar in Cannon Falls

The cost of installing a solar panel system has dropped significantly in the past several years, but it's still a substantial investment for most homeowners. Some key things that influence the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your current electricity bills: Solar panels can noticeably lower, or totally eliminate, your utility bills. In Cannon Falls, you can save an average of $115 a month.
• Electricity consumption: The average household in Cannon Falls uses a decent amount of, and therefore may save on their energy bills.
• Your income and budget: This determines what model of solar panels you can purchase.

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 our article on solar incentives 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.