16 Best Solar Companies in Jackson, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Jackson

The cost of putting up solar panels has decreased significantly over the past few years, but it's still a significant investment for most homeowners. The cost and possible savings vary depending on some key factors such as:

• How much electricity your home consumes: Households that use plenty of electricity each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• Your household's power bills: Due to fairly high monthly power bills in Jackson, you could save about $1,300 a year with solar.
• Choice of solar panels: The type of solar panels you buy 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• 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 can help you save even more. Aside from incentives, you can save an average of $18,000 over the first 20 years with your solar panels, too.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Jackson

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Jackson

One of the most compelling reasons to use solar power is to minimize your dependence on traditional energy sources like burning fossil fuels, which are hazardous for the environment. But — how much exactly can you help the environment by making the switch to solar? The more energy your house uses, the better off the planet will be if you switch to solar since you won't need to use as much nonrenewable energy. Although making solar panels releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Jackson, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar energy is plentiful and makes electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help protect the environment.