15 Best Solar Companies in Collegeville, MN (2023 Reviews)

The Cost and Benefits of Solar in Collegeville

For many people, the decision of which solar company to go with depends on how much it'll cost. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can give you an average of $17,000 of savings over 20 years.
• Your current energy bills: Solar panels can dramatically lower, or totally get rid of, your utility bills. In Collegeville, you can save an average of $107 a month.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• The amount of sunlight your roof gets: If your rooftop 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 electric bills than someone with a roof that gets plenty of sunlight.

Due to solar panels decreasing in cost as well as several solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Collegeville

If you're thinking about making the switch to solar power, several government incentives and subsidies can drastically lower the cost of the project and expedite the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Collegeville

There are a few key reasons why homeowners want to invest in solar energy: for the good of their bank accounts and the planet. But how much can switching to solar actually affect the environment? Your energy usage is an important factor to consider. The more power your household consumes, the bigger your impact when you make the switch to solar power. In Collegeville, the average person can reduce their carbon footprint by 90 pounds a year once they go solar. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.