16 Best Solar Companies in New London, MN (Mar 2023 Review)

The Cost and Benefits of Solar in New London

For many readers, the decision of which solar company to hire depends on total costs. A few important factors that affect the cost of installing a solar panel system on your home and how much money you could save over time include:

• How much energy you use: If your family uses a lot of energy, you'll reap more rewards from switching to solar.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can give you an average of $19,000 of savings over 20 years.
• How much energy costs for you: The average family in New London pays around $1,400 a year on energy alone, so you could be looking at that much in savings.
• Choice of solar panels: The kind of solar panels you need 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.

So is installing solar panels worth it? Whether you'd like to lower your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many New London homeowners.

Solar Incentives in New London

Switching to solar power has plenty of wonderful 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 usually include cash rebates, tax credits and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more in-depth information on the incentives you can take advantage of in New London.

Environmental Impact of Switching to Solar in New London

Replacing nonrenewable energy with solar power is a good way to do your part for a greener future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in New London, though. How much energy you use is an important factor to consider. The more energy you use, the greater your impact when you switch to solar energy. Even though making solar panels emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In New London, you can reduce your carbon footprint by 90 pounds a year with solar panels. The advantages of solar power are infinite — just like solar power is! That's why so many people have been happy with using solar energy.