14 Best Solar Companies in New Hope, MN (Oct 2022 Review)

The Cost and Benefits of Solar in New Hope

When choosing a solar company, most homeowners or business owners wonder about the costs above all. Some significant things that impact the cost and possible savings include:

• Energy consumption: Installing solar panels may be too steep of an investment for families that don't need a good amount of energy per month.
• Incentives: Those who buy and install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $19,000 on your utility bills over 20 years excluding incentives.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panels you're planning on getting: More efficient models are more expensive, so that will influence your budget for your solar project.

Solar is a valuable investment for most homeowners. You can make your own energy instead of paying for it from the grid and take advantage of solar incentives, all while helping the Earth.

Solar Incentives in New Hope

Although solar power is typically a big investment, it can save you a considerable amount of money over many years due to smaller energy bills and government incentives. There are several federal, state and local rebates and tax credits that earn some money in return after buying a solar panel system. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in New Hope

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in New Hope, though. In a city like New Hope where energy use is rather high, switching to solar energy is a fantastic plan for households who are worried about the state of the planet. Though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In New Hope, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.