16 Best Solar Companies in Edina, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Edina

When choosing a solar company, most homeowners or business owners worry about the costs above all. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Your energy consumption: If your home regularly uses a lot of energy, you'll reap more rewards from switching to solar.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your utility bills over 20 years without incentives.

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 environment.

Solar Incentives in Edina

Although installing solar panels is typically a big investment, it can save you a significant amount of money over several years because of reduced utility bills and government incentives. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Edina

There are a few main reasons why people want to invest in solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edina, though. The more power your family uses, the the more the environment will benefit when you switch to solar since you won't need to rely on traditional energy sources as much. While solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Edina, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.