16 Best Solar Companies in Otsego, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Otsego

While solar panels can save you a decent chunk of change on power bills over time, it's important to take into consideration the upfront costs. There are a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• The cost of electricity in your area: If your local energy rates are quite high, there's a good chance you'll get a higher return on your investment in a solar system. In Otsego, you can save an average of $114 a month on your electricity bills.
• Electricity consumption: The average home in Otsego uses a decent amount of, and so may save on their energy bills.
• Your income and budget: This determines what kind of solar panels you can afford.

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

Solar Incentives in Otsego

Adopting solar power has plenty of considerable benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Otsego

There are a few key reasons why people are interested in solar energy: to help their wallet and the environment. But you may be wondering — how much exactly can you help the planet by using solar power? Everyone can help protect the planet by switching to solar energy, but homes that use more energy will have an even greater impact. When you go solar, your carbon emissions can be cut by about 90 pounds every year. If you care about the environment, you'll likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.