12 Best Solar Companies in Grant, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Grant

The cost of installing solar panels has gone down significantly in the past few years, but it's still a substantial investment for most homeowners. The cost and possible savings vary depending on a few key factors such as:

• Your household's power bills: Due to fairly high monthly electric bills in Grant, you could save about $1,400 a year with solar.
• Incentives: Those who purchase and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your energy bills over 20 years without incentives.
• Choice of solar panels: The type of solar panels you want 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 go with a higher number of more affordable panels.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than a roof that gets a lot of sunlight.

There are many good benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Additionally, it can boost the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Grant

There are many reasons why you should switch to solar. One of them includes some government incentives that can help save you some money. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local rebates and benefits. Check out the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Grant

One of the most compelling reasons to use solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. You may be curious — how much does making the switch do for the environment anyway? The more power your household uses, the better off the planet will be from you switching to solar since you won't need to burn as many fossil fuels. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.