17 Best Solar Companies in Oak Grove, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Oak Grove

We get that for most homeowners, the decision to invest in solar depends on installation costs. Some important things that impact how much it will cost and how much you could save include:

• Typical energy usage: The more energy your household consumes on average and the higher your current energy bills are, the more benefits you'll see from making the switch to solar.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.
• Your current electric bills: Solar panels can dramatically lower, or totally eradicate, your utility bills. In Oak Grove, you can save an average of $117 a month.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can generate an average of $19,000 of savings over 20 years.

There are many good benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. Additionally, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Oak Grove

There are many reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. Local solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. Our article on solar incentives has more detailed information on the incentives you can benefit from in Oak Grove.

Environmental Impact of Switching to Solar in Oak Grove

There are a few big reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. You may be asking yourself — how much does going solar help the environment anyway? The amount of energy you use is an important factor to consider. The more power your home uses, the bigger your impact when you switch to solar energy. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.