17 Best Solar Companies in Scandia, MN (Aug 2022 Review)

The Cost and Benefits of Solar in Scandia

The cost of putting up a solar panel system has gone down greatly in the past few years, but it's still a significant investment for most homeowners. Some key things that influence how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• Average daily sunlight: Since Scandia doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• How much energy your home consumes: Households that use lots of power each month may need more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Scandia

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. State and city solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Scandia

One of the most compelling reasons to switch to solar power is to reduce your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. But how much can switching to solar actually affect the environment? The more power your family uses, the the more the environment will benefit from you switching to solar as you won't have to use as much nonrenewable energy. Though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Scandia, you can reduce your carbon footprint by 90 pounds a year with solar panels. For people who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.