17 Best Solar Companies in Mounds View, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Mounds View

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. There are several factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• Average daily sunlight: Since Mounds View doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which affects how much you can save on your energy bills.
• Your income and budget: This shapes what type of solar panels you can buy.
• Your energy consumption: If your household regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $19,000 over 20 years on your utility bills, without incentives.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Mounds View

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Mounds View

There are a few main reasons why people are interested in solar energy: for the good of their bank accounts and the planet. You may be trying to figure out — how much does making the switch help the environment anyway? The more power you use, the better off the planet will be when you switch to solar since you won't have to use as much nonrenewable energy. After you go solar, your carbon footprint can be reduced by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the main ones is that you can help save the Earth too.