14 Best Solar Companies in North Branch, MN (Mar 2023 Review)

The Cost and Benefits of Solar in North Branch

Although solar panels can help save you a good amount of money on energy over time, it's necessary to consider the startup costs. There are several factors you should consider when trying to determine how much it will cost and how much you can save, such as:

• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on energy bills than someone with a roof that gets a lot of sunlight.
• Your current electricity bills: Solar panels can noticeably decrease, or completely eliminate, your utility bills. In North Branch, you can save an average of $128 a month.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• 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 benefit from. In addition, you can save about $20,000 over 20 years on your utility bills, before factoring in incentives.

There are lots of wonderful benefits of solar in spite of the upfront cost of installation. It can help the environment and your wallet. Additionally, it can raise the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in North Branch

If you're considering making the switch to solar energy, a number of government incentives and tax credits can greatly reduce your project costs and speed up the return on your investment. These incentives typically include cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost of installing solar panels by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can see the incentives you qualify for in North Branch.

Environmental Impact of Switching to Solar in North Branch

If you're planning on adding solar panels to your home, one of the primary reasons why may be to lower your carbon footprint. But you may be wondering — how much exactly can you help by making the switch to solar? The more energy your household uses, the better off the planet will be if you switch to solar as you won't need to use as much nonrenewable energy. When you go solar, your carbon footprint can be reduced by about 90 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.