14 Best Solar Companies in Inver Grove Heights, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Inver Grove Heights

When deciding on a solar company, most homeowners or business owners worry about the costs the most. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your rooftop gets: Due to Inver Grove Heights' relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.
• How much energy costs for you: The typical family in Inver Grove Heights spends around $1,400 a year on electricity alone, so you could gain that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar system, too.

Solar is a profitable investment for most homeowners. You can generate your own energy instead of paying for it from the grid and take advantage of solar incentives, all while helping preserve the Earth.

Solar Incentives in Inver Grove Heights

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. These incentives mostly take the form of cash rebates, tax credits and/or solar renewable energy credits. They can reduce how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. In our article on solar incentives, you can read about the incentives you qualify for in Inver Grove Heights.

Environmental Impact of Switching to Solar in Inver Grove Heights

An important reason so many people are considering switching to solar power is to help lower their environmental impact. But how much can switching to solar actually help the environment? The more energy your household uses, the the more the environment will benefit when you switch to solar since you won't need to use as much nonrenewable energy. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since solar power is renewable and makes electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the planet.