15 Best Solar Companies in Nowthen, MN (Aug 2022 Review)

The Cost and Benefits of Solar in Nowthen

Although solar panels can help save you a decent chunk of change on utility bills over time, it's important to take into consideration the startup costs. Some important things that influence how much it will cost and how much you could save include:

• How much electricity your household consumes: Homes that need a lot of power each month may require more solar panels and, therefore, more upfront cost, but will also save more on their energy bills over time.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 26% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your energy bills: This will dictate your savings. In Nowthen, the average resident can save about $1,400 a year on their electricity bills.

Solar is a valuable investment for most homeowners. You can produce your own power instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping protect the environment.

Solar Incentives in Nowthen

If you're considering switching to solar power, a number of government incentives and solar rebates can immensely reduce the cost of the project and expedite the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Nowthen

One of the most compelling reasons to adopt solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. You may be asking yourself — how much do solar panels do for the planet anyway? In Nowthen, where the energy generation produces a lot of greenhouse gasses, going solar can have a big impact on the planet since solar power is an abundant source of clean energy. While solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Nowthen, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.