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

The Cost and Benefits of Solar in New Market

The cost of putting up solar panels has gone down significantly over the past few years, but it's still a large investment for most homeowners. Some significant things that impact the cost and possible savings include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• The cost of energy for you: If your local utility rates are quite high, there's a better chance you'll get a higher return on your investment in solar panels. In New Market, you can save an average of $111 a month on your electricity bills.
• The type of solar panel system you have the money for: This is dependent on your income and budget.
• How much power your household consumes: Homes that need lots of energy each month may need more solar panels and, consequently, more upfront cost, but will also benefit more over time.

Solar is a fruitful investment for most homeowners. You can produce your own power instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the Earth.

Solar Incentives in New Market

Although installing solar panels is typically a big investment, it can save you a considerable amount of money over several years due to lower energy bills and government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. Check out our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in New Market

Switching to solar energy can have a meaningful effect on the environment. But how much can installing solar panels actually affect the environment? If your family consumes a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Although making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In New Market, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, using solar power has so many other rewards outside of saving money. One of the primary ones is that you can help save the planet too.