18 Best Solar Companies in Minnetonka, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Minnetonka

We know that for most homeowners, the choice to invest in solar highly depends on installation costs. There are several factors you should consider when determining how much it will cost and how much you can save, such as:

• The type of solar panel system you can buy: This depends on what your budget is.
• The amount of sunlight your rooftop gets: Because of Minnetonka's relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• Your energy consumption: If your home regularly uses a lot of energy, you'll see more savings from switching to solar.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $18,000 over 20 years on your utility bills, not including incentives.

Solar is a fruitful investment for most homeowners. You can produce your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the planet.

Solar Incentives in Minnetonka

There are many good reasons why you should switch to solar. One of them involves some government incentives you can take advantage of. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city rebates and benefits. For more information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Minnetonka

One reason so many people consider adopting solar energy is to help lower their environmental impact. But how much can installing solar panels actually affect the environment? In a city like Minnetonka where energy use is rather high, going solar is a good plan for homeowners who want to do their part for the environment. In Minnetonka, the average resident can reduce their carbon footprint by 90 pounds a year once they go solar. For people who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.