14 Best Solar Companies in Eagan, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Eagan

We get that for many homeowners, the choice to invest in solar rests on installation costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Choice of solar panels: The type 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 opt for a higher number of more affordable panels.
• Electricity consumption: The average home in Eagan uses a decent amount of, and consequently may save on their energy bills.
• Your household's power bills: Because of fairly high monthly energy bills in Eagan, you could save about $1,400 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or 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 20 years with your solar panels, too.

Solar is a fruitful investment for most homeowners. You can make your own electricity instead of paying for it from the grid and take advantage of solar incentives, all while helping protect the Earth.

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 30%, upwards of 50% depending on your location. For comprehensive information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Eagan

There are many reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Eagan, though. In a city like Eagan where energy use is rather high, switching to solar energy is a fantastic idea for those who want to do their part for the environment. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since solar energy is renewable and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.