15 Best Solar Companies in Medina, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Medina

For the majority of homeowners, the decision to invest in solar energy depends the most on the cost. Some key things that impact the upfront cost and potential savings over time include:

• The model of solar panel system you can buy: This is dependent on what your budget is.
• Average daily sunlight: Since Medina doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which affects how much you can save on your energy bills.
• How much you spend on energy: The average household in Medina spends around $1,400 a year on energy alone, so you could be looking at that much in savings.
• 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. Not including incentives, you can save an average of $18,000 over 20 years with your solar system, too.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Medina

There are many reasons why you should switch to solar. One of them involves some government incentives that can save you money. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further save. For comprehensive information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Medina

Lots of people want to do what they can to help protect the environment, which for many is the primary motivation to install a solar system. But — how much exactly can you help by making the switch to solar? How much energy you use is a significant factor to think about. The more power your household consumes, the greater your impact when you switch to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll likely understand that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.