15 Best Solar Companies in Chisago Lake, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Chisago Lake

While solar panels can save you a good amount of money on energy bills over time, it's important to take into consideration the startup costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The make and model of solar panels you're thinking of getting: Some are more expensive, so that will determine your budget for your solar project.
• How much you spend on energy: If your local electricity rates are especially high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Chisago Lake, you can save an average of $125 a month on your electricity bills.
• How much power your household needs: If your household uses a lot of energy, you'll reap more rewards from switching to solar.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can generate an average of $20,000 of savings over 20 years.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Chisago Lake

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. You can 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. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Chisago Lake

A lot of people want to do what they can for the environment, which often is the prime reason for installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Chisago Lake, though. Your energy usage is an important factor to consider. The more electricity your household consumes, the greater your impact when you make the switch to solar power. In Chisago Lake, the average person can lower their carbon footprint by 90 pounds a year after going solar. As you can see, using solar power has so many other perks apart from saving money. One of the main ones is that you can help save the planet too.