18 Best Solar Companies in Redwood Falls, MN (2023 Reviews)

The Cost and Benefits of Solar in Redwood Falls

For many readers, the decision of which solar installer to go with comes down to pricing. Some key factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• Energy consumption: Installing solar panels may be a high-cost option for homes that don't need a lot of energy each month.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years without incentives.
• The model of solar panels you're planning on getting: More efficient panels are more expensive, so that will affect your budget for your solar project.
• Your home's power bills: Due to fairly high monthly electric bills in Redwood Falls, you could save about $1,300 a year with solar.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and incentives.

Solar Incentives in Redwood Falls

One of the good things about installing a solar panel system is earning federal and potentially state incentives. You 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 local rebates and benefits. Take a look at our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Redwood Falls

There are a few big reasons why homeowners are considering solar energy: for the financial and environmental benefits. A question many people might be asking themselves is how much can they really help the environment by switching to solar power anyway? How much energy you use is a significant factor to keep in mind. The more energy your household consumes, the greater your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. Since solar energy is abundant and makes electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the planet.