17 Best Solar Companies in Lake City, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Lake City

We get that for most homeowners, the choice to invest in solar depends on installation costs. Some key things that determine how much it will cost and how much you could save include:

• The kind of solar panels you're thinking of getting: Higher-efficiency panels are more costly, so that will affect your budget for your solar project.
• Your current energy bills: Solar panels can noticeably reduce, or totally eradicate, your utility bills. In Lake City, you can save an average of $113 a month.
• Energy consumption: Installing solar panels may be too steep of an investment for households that don't need a lot of energy per month.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your energy bills, which can lead to an average of $18,000 of savings over 20 years.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the angle of your roof and your energy consumption.

Solar Incentives in Lake City

Although solar power is typically a large investment, it can save you a considerable amount of money over several years due to smaller energy bills and government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. For more information about incentives for homeowners in Lake City, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lake City

Going solar can have a positive effect on the environment. You may be asking yourself — how much does going solar help the environment anyway? In Lake City, where the energy generation produces a lot of greenhouse gasses, going solar can have a big effect on the Earth since solar power is an abundant source of clean energy. In Lake City, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. Since solar energy is renewable and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.