12 Best Solar Companies in Savage, MN (Sep 2022 Review)

The Cost and Benefits of Solar in Savage

For lots of homeowners, the decision to invest in solar energy boils down to the cost. Some important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time include:

• Energy consumption: Installing solar panels may be too steep of an investment for families that don't use a good amount of energy each month.
• The make and model of solar panels you want to get: More high-tech panels cost more, so that will influence your budget for your solar project.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will give you lower savings on energy bills than someone with a roof that gets lots of sunlight.
• Incentives: Those who purchase and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years not including incentives.

So is installing solar panels worth it? Whether you want to lower your electricity costs, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Savage homeowners.

Solar Incentives in Savage

If you're planning on switching to solar energy, several government incentives and solar rebates can dramatically bring down your project costs and expedite the return on your investment. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can use to further save. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Savage

Replacing nonrenewable energy with solar power is a compelling way to do what you can for a more eco-friendly future. But how much can switching to solar actually help the environment? The more power you use, the the more the environment will benefit if you switch to solar since you won't need to rely on traditional energy sources as much. If you go solar, your carbon emissions can be cut by about 90 pounds a year. Since solar energy is renewable and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help the environment.