16 Best Solar Companies in Litchfield, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Litchfield

When picking a solar company, most homeowners or business owners care about the costs the most. A few important factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much energy your household consumes: Homes that need lots of power each month may require more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: Something that can reduce the cost of your solar project 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 on your utility bills, which can lead to an average of $17,000 of savings over 20 years.
• The amount of sunlight your area gets: Thanks to Litchfield's relatively low amount of average daily sunlight, you might not see as many savings on your energy bills.

So is buying solar panels worth it? Whether you'd like to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a good investment for many Litchfield homeowners.

Solar Incentives in Litchfield

In an effort to increase the adoption of solar power, 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 cut the cost of going solar by 26 to 50% in some cases. For comprehensive information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Litchfield

Swapping traditional energy for solar is a profound way to do what you can for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Litchfield, though. Your energy usage is a key factor to keep in mind. The more electricity you use, the greater your impact when you make the switch to solar power. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. The good things about solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.