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

The Cost and Benefits of Solar in North Oaks

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. The overall price and potential savings vary depending on some key factors such as:

• How much energy costs for you: The average household in North Oaks spends around $1,400 a year on energy alone, so you could gain that much in savings.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Your income and budget: This shapes what model of solar panels you can afford.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in North Oaks

If you're thinking about making the switch to solar energy, a number of government incentives and state programs can drastically lower the installation costs and speed up the return on your investment. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in North Oaks

If you want to add solar panels to your home, one of the principal reasons why may be to lower your carbon dioxide emissions. But how much can switching to solar actually help the environment? The more power your family uses, the better off the planet will be when you switch to solar since you won't need to rely on traditional energy sources as much. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used traditional energy. In North Oaks, 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 benefits outside of saving money. One of the primary ones is that you can help save the environment too.