16 Best Solar Companies in Edina, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Edina

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your system. Some significant things that affect the upfront cost and potential savings over time include:

• How much power your home consumes: Homes that need lots of electricity each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.
• Choice of solar panels: The type of solar panels you choose 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 go with a higher number of more affordable panels.
• Your current power bills: Solar panels can greatly reduce, or totally eliminate, your utility bills. In Edina, you can save an average of $119 a month.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Edina

There are many good reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. There are quite a few federal, state and local rebates and tax credits that let you earn some money in return after installing a solar panel system. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Edina

Lots of people want to do their part to help the environment, which often is the chief reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edina, though. Everyone can help save the environment by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. Since solar energy is plentiful and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.