16 Best Solar Companies in Monticello, MN (2023 Reviews)

The Cost and Benefits of Solar in Monticello

While solar panels can help save you money on electricity bills over time, it's necessary to know the upfront costs. There are quite a few factors you should take into consideration when trying to determine the overall cost and how much you can save, such as:

• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Your energy bills: This will dictate how much money you might save. In Monticello, the average resident can save about $1,400 a year on their electricity bills.
• The model of solar panels you want: Some are more expensive, so that will determine your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or 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 system, too.

So is a solar system worth it? Whether you hope to reduce your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Monticello homeowners.

Solar Incentives in Monticello

Switching to solar power has a lot of considerable benefits. Not only can it help protect the Earth, but you can also save a decent amount of money on your installation with various government incentives. These incentives normally include cash rebates, tax credits and/or solar renewable energy credits. They can lower how much you pay for going solar by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Monticello

An important reason so many homeowners are thinking of going solar is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Monticello, though. In a city like Monticello where energy use is rather high, switching to solar energy is a good plan for people who are eco-conscious. While solar panel production emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In Monticello, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt find that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.