14 Best Solar Companies in Eagan, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Eagan

For most homeowners, whether or not to invest in a solar energy system depends the most on the cost. Some important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• average energy usage: The more electricity your home uses on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• Your income and budget: This affects what model of solar panels you can purchase.
• Your power bills: This will influence how much you can save. In Eagan, the average homeowner can save about $1,400 a year on their electricity bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Eagan

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. These incentives typically consist of cash rebates, tax benefits and/or solar renewable energy credits. They can reduce the cost of going solar by 26 to 50% in some cases. In the table below, you can see the incentives you qualify for in Eagan.

Environmental Impact of Switching to Solar in Eagan

Many want to do their part for the environment, which often is the main reason they're interested in installing a solar system. But how much can switching to solar actually affect the environment? Your energy usage is an important factor to consider. The more energy your home uses, the bigger your impact when you make the switch to solar power. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Eagan, you can reduce your carbon footprint by 90 pounds a year with solar panels. The perks of solar power are infinite — just like solar power is! That's why so many people have been happy with making the switch to solar.