18 Best Solar Companies in Northfield, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Northfield

For most homeowners, whether or not to invest in solar panels comes down to the cost. The cost and possible savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• How much energy you use: If your household regularly uses a lot of energy, you'll benefit more from installing solar panels.
• Your income and budget: This shapes what kind of solar panels you can afford.
• How much sunlight your roof gets: This, along with your roof configuration, affects affect how much power your solar panels can generate.

So is a solar panel system worth it? Whether you want to lower your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Northfield homeowners.

Solar Incentives in Northfield

Although solar power is typically a large investment, it can save you a substantial amount of money over several years due to reduced power bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Northfield

One reason so many homeowners consider installing solar panels is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Northfield, though. Going solar is a great choice for the environment, because the biggest source of greenhouse gas emissions in the nation is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other rewards outside of saving money. One of the major ones is that you can help save the planet too.