18 Best Solar Companies in Lino Lakes, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Lino Lakes

While solar panels can save you a good amount of money on power bills over time, it's important to know the upfront costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Electricity consumption: The average home in Lino Lakes uses a decent amount of, and therefore may save on their energy bills.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $19,000 on your utility bills over 20 years not including incentives.
• How much you spend on energy: The average family in Lino Lakes shells out around $1,500 a year on power alone, so you could be looking at that much in savings.
• Choice of solar panels: The type of solar panels you are interested in getting 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.

So is a solar panel system worth it? Whether you're trying to lower your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Lino Lakes homeowners.

Solar Incentives in Lino Lakes

Because solar power is more sustainable than fossil fuels, there are various government incentives in place to encourage people to make the switch. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other state and city rebates and benefits. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Lino Lakes.

Environmental Impact of Switching to Solar in Lino Lakes

There are a few important reasons why many people are considering solar energy: to put more money in their bank account and to help the planet. But how much can switching to solar actually help the environment? The amount of energy you use is a significant factor to keep in mind. The more electricity your home uses, the larger your impact when you switch to solar energy. In Lino Lakes, the average resident can lower their carbon footprint by 90 pounds a year once they go solar. Since solar energy is renewable and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.