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

The Cost and Benefits of Solar in Champlin

Although solar panels can help save you a good amount of money on power bills over time, it's important to consider the startup costs. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• How much energy costs for you: If your local utility rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Champlin, you can save an average of $113 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on power bills than someone with a roof that gets plenty of sunlight.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the angle of your roof and your energy consumption.

Solar Incentives in Champlin

One of the great things about installing a solar panel system is earning government incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can use to further save. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Champlin

Going solar can have a beneficial impact on the environment. You may be curious — how much does going solar help the planet anyway? How much energy you use is a significant factor to consider. The more energy your household consumes, the larger your impact when you make the switch to solar power. If you go solar, your carbon dioxide emissions can be lowered by about 90 pounds a year. The great things about solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.