11 Best Solar Companies in Columbus, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Columbus

The cost of putting up solar panels has decreased immensely in the past few years, but it's still a large investment for most homeowners. A few main factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.
• The kind of solar panels you can buy: This depends on how much you're willing to spend upfront.
• The cost of energy for you: If your local electricity rates are especially high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Columbus, you can save an average of $122 a month on your electricity bills.
• Energy consumption: Installing a solar system may be too pricey an investment for families that don't need a good amount of energy each month.

There are several good benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Columbus

There are many reasons why adopting solar power is beneficial. One of them involves some government incentives you can take advantage of. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. For detailed information about incentives that apply to you, see the table below.

Environmental Impact of Switching to Solar in Columbus

There are many reasons to trade traditional energy for solar power, like saving on electricity bills and helping to lower your carbon footprint. Something many homeowners might be asking themselves is how much can they really help protect the environment by going solar anyway? In a city like Columbus where energy use is rather high, switching to solar energy is a great plan for people who want to do their part for the environment. In Columbus, the average household can reduce their carbon footprint by 90 pounds a year after going solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.