15 Best Solar Companies in Deephaven, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Deephaven

For many people considering switching to solar, the decision of which solar installer to go with comes down to prices. Some key factors that influence how much it will cost to install solar panels on your home and how much it could save you over time include:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years excluding incentives.
• Typical energy usage: The more energy your home consumes on average and the larger your current energy bills are, the more benefits you'll see from going solar.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• The amount of sunlight your home gets: Thanks to Deephaven's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the angle of your roof and your energy consumption.

Solar Incentives in Deephaven

Switching to solar power has many great benefits. Not only can it help preserve the Earth, but you can also save some money on your installation with various government incentives. In addition to the federal tax credit incentive, there are also some local benefits, which in the majority of cases, stack with the federal incentive, so you can save even more. For comprehensive information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Deephaven

There are many reasons to switch to solar power, like saving on electricity bills and helping to reduce your carbon footprint. You may be asking yourself — how much does going solar help the environment anyway? As reported by the EPA, electricity generation is the second greatest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Installing solar panels and switching to renewable energy can help put a dent in that number in a city like Deephaven that is responsible for a large amount of carbon dioxide emissions each year. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.