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

The Cost and Benefits of Solar in Litchfield

For many homeowners, whether or not you should invest in a solar energy system depends the most on the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• Your home's power bills: Based on the fairly high monthly power bills in Litchfield, you could save about $1,300 a year with solar.
• Energy consumption: Installing solar panels may be a high-cost investment for homes that don't consume a lot of energy a month.
• The model of solar panels you're planning on getting: Higher-efficiency panels are more expensive, so that will affect your budget for your solar project.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $17,000 on your utility bills over 20 years without incentives.

So is installing solar panels worth it? Whether you're trying to lower your energy bills, carbon emissions or both, solar panels are a good investment for many Litchfield homeowners.

Solar Incentives in Litchfield

Since solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives in place to encourage people to make the switch. These incentives mostly take the form of cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of going solar by 30%, upwards of 50% depending on where you live. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Litchfield

One of the most compelling reasons to embrace solar power is to decrease your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Litchfield, though. Everyone can help the environment by switching to solar energy, but homes that use more energy will have a greater impact. In Litchfield, the average person can reduce their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll most likely understand that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.