18 Best Solar Companies in New Prague, MN (Mar 2023 Review)

The Cost and Benefits of Solar in New Prague

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. Some significant things that influence the upfront cost and potential savings over time include:

• The kind of solar panels you're planning on getting: More efficient panels cost more, so that will influence your budget for your solar project.
• Incentives: Those who buy and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years not including incentives.
• How much power your household needs: If your home uses a lot of energy, you'll benefit more from installing solar panels.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electricity bills than a roof that gets a lot of sunlight.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in New Prague

Because solar power is better for the environment than traditional energy sources, there are some government incentives available to encourage people to make the switch. There are a lot of federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money in return after buying a solar panel system. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in New Prague

There are a few important reasons why people want to invest in solar energy: to help their wallet and the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in New Prague, though. Everyone can help protect the environment by switching to solar energy, but homes that use lots of energy will have a greater impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other benefits beyond saving money. One of the primary ones is that you can help save the environment too.