12 Best Solar Companies in Grant, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Grant

For many homeowners, whether or not to invest in solar energy boils down to the cost. The cost and possible savings vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Your power bills: This will determine how much you can save. In Grant, the average homeowner can save about $1,400 a year on their electricity bills.
• How much electricity your home consumes: Households that consume lots of power each month may call for more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• Choice of solar panels: The kind of solar panels you are interested in getting 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.

So is installing solar panels worth it? Whether you're trying to decrease your energy bills, carbon emissions or both, solar panels are a great investment for many Grant homeowners.

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 our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Grant

There are a few primary reasons why people want to invest in solar energy: to put more money in their bank account and to help the planet. You may be asking yourself — how much does making the switch help the planet anyway? Regardless of your location, you can help protect the planet by switching to solar energy, but homes that use lots of energy will have a bigger impact. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used traditional energy. In Grant, you can reduce your carbon footprint by 90 pounds a year with solar panels. The benefits of solar power are abundant — just like solar power is! That's why so many Grant residents have been happy with making the switch to solar.