17 Best Solar Companies in Hastings, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Hastings

Although solar panels can save you a decent chunk of change on energy bills over time, it's important to consider the startup costs. There are quite a few factors you should consider when determining costs and your potential savings, including:

• How much sunlight your roof gets: This, and the configuration of your roof, affects affect how much electricity your solar panels can produce.
• Your energy bills: This will influence how much you can save. In Hastings, the average resident can save about $1,400 a year on their electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 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. Not including incentives, you can save an average of $18,000 over the first 20 years with your system, too.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

Solar is a valuable investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar incentives, all while helping protect the environment.

Solar Incentives in Hastings

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. State and city solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Hastings

There are lots of reasons to make the switch to solar power, like saving money on electricity bills and helping to reduce your carbon footprint. You may be curious — how much does going solar help the environment anyway? In a city like Hastings where energy use is rather high, switching to solar energy is a great plan for those who care about the planet. When you go solar, your carbon dioxide emissions can be lowered by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.