16 Best Solar Companies in Shakopee, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Shakopee

The cost of putting up a solar panel system has decreased greatly in the past few years, but it's still a significant investment for most homeowners. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Your energy bills: This will impact your savings. In Shakopee, the average homeowner can save about $1,400 a year on their electricity bills.
• The amount of sunlight your area gets: Thanks to Shakopee's relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $18,000 over the first 20 years with your solar system, too.
• The model of solar panel system you can buy: This depends on what your budget is.

There are many great benefits of solar in spite of the initial cost of installation. It can help the planet and your finances. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Shakopee

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. These incentives usually include cash rebates, tax breaks and/or solar renewable energy credits. They can reduce how much you end up spending on installing solar panels by 30%, upwards of 50% depending on your location. Our article on solar incentives goes over more detailed information on the incentives you can find in Shakopee.

Environmental Impact of Switching to Solar in Shakopee

An important reason so many are considering installing solar panels is to help bring down their environmental impact. Something many homeowners might have in mind is how much can they really help save the environment by switching to solar power anyway? Regardless of your location, you can help the planet by switching to solar energy, but homes that use lots of energy will have a bigger impact. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used traditional energy. In Shakopee, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other rewards besides saving money. One of the major ones is that you can help save the Earth too.