16 Best Solar Companies in Cold Spring, MN (2023 Reviews)

The Cost and Benefits of Solar in Cold Spring

When deciding on a solar company, most homeowners or business owners care about the costs the most. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more likely you'll benefit from making the switch to solar.
• Your power bills: This will determine how much you can save. In Cold Spring, the average homeowner can save about $1,300 a year on their electricity bills.
• Your income and budget: This determines what type of solar panels you can get.

Solar is a profitable investment for most homeowners. You can produce your own power instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the Earth.

Solar Incentives in Cold Spring

Adopting solar power has a lot of wonderful benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. Our article on solar incentives goes over more in-depth information on the incentives you can find in Cold Spring.

Environmental Impact of Switching to Solar in Cold Spring

Installing solar panels is a good way to do your part for a more environmentally-friendly future. But how much can switching to solar actually affect the environment? Switching to solar power is a sustainable choice for the environment, because the greatest source of greenhouse gas emissions in the nation is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the major ones is that you can help save the Earth too.