18 Best Solar Companies in Orono, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Orono

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to set up your panels. There are quite a few factors you should consider when determining how much it will cost and how much you can save, including:

• Your home's power bills: Because of fairly high monthly electric bills in Orono, you could save about $1,300 a year with solar.
• The kind of solar panels you're thinking of getting: Higher-efficiency panels are more expensive, so that will affect your budget for your solar project.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can lead to an average of $18,000 of savings over 20 years.
• Electricity consumption: The average home in Orono uses a decent amount of, and therefore may save on their energy bills.

There are many great benefits of solar even with the upfront cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Orono

In an effort to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after paying for a solar panel system. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Orono

One of the most compelling reasons to use solar power is to cut your dependence on traditional energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Orono, though. In a city like Orono where energy use is rather high, installing solar panels is a fantastic idea for households who want to do their part for the environment. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll most likely get that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.