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

The Cost and Benefits of Solar in Otsego

When choosing a solar company, most homeowners or business owners think about the costs above all. There are several factors you should consider when trying to figure out costs and your potential savings, such as:

• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Energy consumption: Installing solar panels may be a high-cost investment for homes that don't use too much energy a month.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 26% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your current power bills: Solar panels can dramatically lower, or totally eliminate, your utility bills. In Otsego, you can save an average of $114 a month.

Because of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Otsego

Switching to solar power has many wonderful benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. State and city solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Otsego

Switching to solar energy can have a meaningful effect on the environment. You may be trying to figure out — how much does going solar help the environment anyway? The EPA reports that electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Installing solar panels and switching to renewable energy can help bring down that number in a city like Otsego that generates a large amount of carbon dioxide emissions each year. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.