12 Best Solar Companies in Champlin, MN (Jul 2022 Review)

The Cost and Benefits of Solar in Champlin

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. Some significant things that determine how much it will cost and how much you could save include:

• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Average daily sunlight: Since Champlin doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your total installation cost, your 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 $18,000 over the first 20 years with your solar system, too.
• How much energy your household consumes: Homes that consume lots of electricity each month may need more solar panels and, consequently, be more costly, but will also enjoy more savings over time.

There are several wonderful benefits of solar despite the upfront cost of installation. It can help the Earth and your wallet. Plus, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Champlin

There are a lot of reasons why going solar is a great investment. One of them involves some government incentives that can help save you some money. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Champlin

Installing solar panels can have a beneficial effect on the environment. You may be wondering — how much does making the switch do for the environment anyway? The average person has a sizable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to think about what to do. Installing solar panels is one of the easiest things you can do to help. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other benefits apart from saving money. One of the most important ones is that you can help save the Earth too.