12 Best Solar Companies in Plymouth, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Plymouth

For the majority of homeowners, whether or not you should invest in solar panels boils down to the cost. The cost and possible savings vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $19,000 over 20 years on your utility bills, without incentives.
• How much energy your home consumes: Households that consume a lot of power each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.
• The kind of solar panel system you can buy: This is dependent on how much you're willing to spend upfront.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on power bills than a roof that gets lots of sunlight.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your local electricity rates.

Solar Incentives in Plymouth

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. There are a lot of federal, state and local rebates and tax credits that may earn you a decent amount of money in return after paying for a qualifying system. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Plymouth

Swapping traditional energy for solar is a compelling way to do what you can for a cleaner and more sustainable future. But how much can using solar energy instead of traditional energy actually affect the environment? If your family uses a lot of energy, you can impact the environment even more by switching to solar power. Though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Plymouth, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.