14 Best Solar Companies in North Branch, MN (Nov 2022 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:

• How much energy your home consumes: Homes that need plenty of power each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.
• Your home's power bills: With very high monthly power bills in North Branch, you could save about $1,500 a year with solar.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $20,000 over the first 20 years with your system, too.

There are several great benefits of solar even with the upfront cost of installation. It can help the planet and your finances. In addition, it can raise the value of your home, resulting in even more benefits if you choose 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

One of the most compelling reasons to embrace solar power is to minimize your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. But you may be wondering — how much exactly can you help the environment by using solar power? Regardless of your location, you can help the environment by switching to solar energy, but homes that use lots of energy will have a bigger impact. After you go solar, your carbon dioxide emissions can be reduced by about 90 pounds every year. As you can see, trading traditional energy for solar has so many other benefits outside of saving money. One of the most important ones is that you can help save the planet too.