14 Best Solar Companies in Coon Rapids, MN (Nov 2022 Review)

The Cost and Benefits of Solar in Coon Rapids

Although solar panels can help save you a decent chunk of change on power bills over time, it's necessary to know the upfront costs. There are a few factors you should consider when determining costs and your potential savings, such as:

• 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• The amount of sunlight your area gets: Due to Coon Rapids' relatively low amount of average daily sunlight, you might not see as many savings on your energy bills.
• How much energy you use: If your family needs to use a lot of energy, you'll benefit more from installing solar panels.
• Incentives: Those who install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your energy bills over 20 years not including incentives.

So is a solar system worth it? Whether you hope to reduce your electricity costs, carbon emissions or both, solar panels are a solid investment for many Coon Rapids homeowners.

Solar Incentives in Coon Rapids

If you're thinking about switching to solar energy, several government incentives and state programs can immensely lower your project costs and speed up the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other state and city incentives. For comprehensive information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Coon Rapids

If you're planning on adding solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. But you may be wondering — how much exactly can you help the environment by going solar? If your household uses a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.