11 Best Solar Companies in Hopkins, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Hopkins

For many homeowners, whether or not to invest in a solar energy system depends the most on the cost. Some important things that impact the cost and possible savings include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly 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 $19,000 over the first 20 years with your solar panels, too.
• The amount of sunlight your rooftop gets: Thanks to Hopkins' relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• The model of solar panels you can purchase: This depends on your income and budget.
• Electricity consumption: The average home in Hopkins uses a decent amount of, and so may save on their energy bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Hopkins

Adopting solar power has plenty of considerable benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Hopkins

There are a few big reasons why many people are considering solar energy: for the financial and environmental benefits. Something many might be asking themselves is how much can they really help preserve the environment by going solar anyway? In Hopkins, where the energy generation produces a lot of greenhouse gasses, going solar can have a huge effect on the planet since solar power is an abundant source of clean energy. When you go solar, your carbon footprint can be lowered by about 90 pounds a year. Since energy from the sun is renewable and produces electricity without a carbon footprint, installing solar panels is one easy step you can take to help the environment.