14 Best Solar Companies in Prior Lake, MN (Jan 2023 Review)

The Cost and Benefits of Solar in Prior Lake

While solar panels can save you a decent chunk of change on energy over time, it's necessary to know the startup costs. A few main factors that determine how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• How much electricity your household consumes: Households that use a lot of energy each month may require more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Additionally, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• Your home's power bills: Due to fairly high monthly electricity bills in Prior Lake, you could save about $1,300 a year with solar.

Because of solar panels decreasing in cost as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Prior Lake

If you're thinking about making the switch to solar energy, a variety of government incentives and state programs can greatly lower the cost of the project and expedite the return on your investment. In addition to the federal tax credit incentive, there are also some local programs, which in most cases, stack with the federal incentive, so you get to save even more. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Prior Lake

There are many reasons to trade traditional energy for solar power, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually affect the environment? How much energy you use is an important factor to consider. The more energy your household consumes, the greater your impact when you go solar. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Prior Lake, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since energy from the sun is plentiful and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.