15 Best Solar Companies in Pine Island, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Pine Island

For many homeowners, whether or not you should invest in solar energy boils down to the cost. There are quite a few factors you should take into consideration when trying to determine costs and your potential savings, such as:

• Incentives: Those who install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your energy bills over 20 years without incentives.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Average daily sunlight: Since Pine Island doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• How much power your household needs: If your household uses a lot of energy, you'll see more savings from switching to solar.

So is installing solar panels worth it? Whether you hope to reduce your electricity costs, carbon emissions or both, solar panels are a solid investment for many Pine Island homeowners.

Solar Incentives in Pine Island

Although installing solar panels is typically a big investment, it can save you a substantial amount of money over time because of reduced energy bills and government incentives. These incentives typically take the form of cash rebates, tax credits and/or solar renewable energy credits. They can lower how much you pay for going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more detailed information on the incentives you can take advantage of in Pine Island.

Environmental Impact of Switching to Solar in Pine Island

There are lots of reasons to trade traditional energy for solar power, like saving money on utility bills and helping to lower your carbon footprint. Something many people might be thinking about is how much can they really help protect the environment by switching to solar power anyway? Your energy usage is a key factor to keep in mind. The more electricity your home uses, the bigger your impact when you switch to solar energy. In Pine Island, the average person can lower their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.