18 Best Solar Companies in Orono, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Orono

For many people, the decision of which solar company to choose depends on prices. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• average energy usage: The more energy your home uses on average and the larger your current energy bills are, the more likely you'll benefit from making the switch to solar.
• Your current energy bills: Solar panels can substantially decrease, or completely eradicate, your utility bills. In Orono, you can save an average of $111 a month.
• The type of solar panels you want to get: Higher-efficiency panels are more costly, so that will affect your budget for your solar project.
• Incentives: One thing that can reduce the cost of 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 money on your utility bills, which can lead to an average of $18,000 of savings over 20 years.

So is installing solar panels worth it? Whether you hope to decrease your energy bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Orono homeowners.

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 the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Orono

If you're thinking of adding solar panels to your home, one of the main reasons why may be to lower your greenhouse gas emissions. You may be trying to figure out — how much does going solar do for the planet anyway? How much energy you use is a significant factor to think about. The more electricity you use, the bigger your impact when you switch to solar energy. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.