12 Best Solar Companies in Mankato, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Mankato

Even though solar panels can save you a decent chunk of change on energy bills over time, it's important to know the startup costs. The cost and possible savings vary depending on a few key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $18,000 over the first 20 years with your system, too.
• Your home's power bills: With fairly high monthly energy bills in Mankato, you could save about $1,400 a year with solar.
• Electricity consumption: The average home in Mankato uses a decent amount of, and consequently may save on their energy bills.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more 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.

Solar is a worthwhile investment for most homeowners. You can produce your own electricity instead of paying for it from the grid and take advantage of solar incentives, all while helping the environment.

Solar Incentives in Mankato

Although a solar power system is typically a big investment, it can save you a substantial amount of money over the lifespan of your solar panels due to smaller utility bills and government incentives. Local solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Mankato

Installing solar panels can have a beneficial effect on the environment. But how much can switching to solar actually help the environment? The amount of energy you use is an important factor to consider. The more power your household consumes, the larger your impact when you switch to solar energy. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since energy from the sun is abundant and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the planet.