16 Best Solar Companies in Otsego, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Otsego

The cost of installing solar panels has dropped immensely over the past several years, but it's still a significant investment for most homeowners. The cost and possible savings vary depending on a few key factors such as:

• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your current electric bills: Solar panels can dramatically decrease, or totally get rid of, your utility bills. In Otsego, you can save an average of $114 a month.
• The type of solar panels you can purchase: This hinges on how much you're willing to spend upfront.

There are several wonderful benefits of solar in spite of the upfront cost of installation. It can help the planet and your bank account. Plus, it can raise the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Otsego

Because solar power is a cleaner source of energy than traditional energy sources, there are some government incentives available to encourage its adoption. There are a lot of federal, state and local rebates and tax credits that can earn you anywhere from 26% to 50% of your money back after installing solar panels. For detailed information about incentives for homeowners in Otsego, check out the table below.

Environmental Impact of Switching to Solar in Otsego

Going solar can have a beneficial effect on the environment. But you may be curious — how much exactly can you help the environment by going solar? The amount of energy you use is a significant factor to keep in mind. The more electricity your household consumes, the bigger your impact when you make the switch to solar power. Once you go solar, your carbon footprint can be cut by about 90 pounds each year. Since energy from the sun is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.