18 Best Solar Companies in Scandia, MN (Oct 2022 Review)

The Cost and Benefits of Solar in Scandia

For a lot of homeowners, whether or not you should invest in solar panels comes down to the cost. Some key factors that affect the cost of installing solar panels on your home and how much it could save you over time include:

• The make and model of solar panels you want to get: Some cost more, so that will influence your budget for your solar project.
• How much energy your home consumes: Households that consume plenty of electricity each month may call for more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.
• Your power bills: This will determine your savings. In Scandia, the average resident can save about $1,500 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $20,000 over 20 years on your utility bills, not including incentives.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Scandia

One of the benefits of installing a solar panel system is receiving incentives from the government. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local incentives. The table below shows you the incentives you can take advantage of in Scandia.

Environmental Impact of Switching to Solar in Scandia

Installing solar panels is a good way to do your part for a more eco-friendly future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Scandia, though. The more energy you use, the better off the planet will be from you switching to solar as you won't have to burn as many fossil fuels. Although making solar panels releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Scandia, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you care about the environment, you'll likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.