15 Best Solar Companies in Mora, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Mora

For many people, the decision of which solar installer to choose depends on total costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $19,000 over 20 years with your solar system, too.
• Energy consumption: Solar may be too pricey an investment for households that don't need a lot of energy each month.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Your power bills: This will dictate how much you can save. In Mora, the average resident can save about $1,400 a year on their electricity bills.

Solar is a valuable investment for most homeowners. You can make your own power instead of paying for it from a utility company and benefit from solar incentives, all while helping the environment.

Solar Incentives in Mora

There are several reasons why going solar is a great investment. One of them consists of some government incentives you can take advantage of. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. For more information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Mora

There are a few big reasons why people are considering solar energy: to help their wallet and the environment. But how much can switching to solar actually affect the environment? The more power your family uses, the better off the planet will be when you switch to solar as you won't have to burn as many fossil fuels. In Mora, the average homeowner can reduce their carbon footprint by 90 pounds a year once they go solar. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.