13 Best Solar Companies in Owatonna, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Owatonna

When picking a solar company, most homeowners or business owners think about the costs above all. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Plus, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This determines what model of solar panels you can buy.
• average energy usage: The more power your household consumes on average and the greater your current power bills are, the more likely you'll benefit from going solar.
• How much you spend on energy: The average family in Owatonna spends around $1,400 a year on home energy use alone, so you could be looking at that much in savings.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Owatonna

Adopting solar power has a lot of great benefits. Not only can it help protect the Earth, but you can also save a good amount of money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city rebates and benefits. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Owatonna

Many want to do their part to help protect the planet, which often is the prime reason they're interested in installing solar panels. But how much can using solar energy instead of traditional energy actually help the environment? If your family uses lots of energy, you can impact the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.