17 Best Solar Companies in Falcon Heights, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Falcon Heights

When picking a solar company, most homeowners or business owners wonder about the costs above all. A few key factors that determine the cost of installing solar panels on your home and how much it could save you over time include:

• The amount of sunlight your rooftop gets: Thanks to Falcon Heights' relatively low amount of average daily sunlight, you might not see as many savings on your energy bills.
• How much energy you use: If your home regularly uses a lot of energy, you'll see more savings from installing solar panels.
• The kind of solar panels you're thinking of getting: More high-tech panels are more costly, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Plus, you can save about $19,000 over 20 years on your utility bills, without incentives.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the kind of solar panels you get and incentives.

Solar Incentives in Falcon Heights

Although solar power is typically a big investment, it can save you a considerable amount of money over several years due to smaller power bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. The table below gives you an idea of the incentives you can benefit from in Falcon Heights.

Environmental Impact of Switching to Solar in Falcon Heights

There are a few key reasons why homeowners want to invest in solar energy: for the good of their bank accounts and the planet. But you may be wondering — how much exactly can you help by making the switch to solar? If your household uses a lot of energy, you can help the environment even more by switching to solar power. While solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Falcon Heights, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.