16 Best Solar Companies in Shoreview, MN (Aug 2022 Review)

The Cost and Benefits of Solar in Shoreview

For many people, the decision of which solar company to go with depends on costs. A few main factors that influence how much it will cost to install solar panels on your home and how much it could save you over time are:

• How much you spend on energy: The typical household in Shoreview spends around $1,400 a year on electricity alone, so you could be looking at that much in savings.
• Electricity consumption: The average home in Shoreview uses a decent amount of, and so may save on their energy bills.
• Incentives: Those who buy and install a solar system this year can save 26% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your electricity bills over 20 years excluding incentives.
• Your income and budget: This shapes what kind of solar panels you can purchase.

Though a solar panel system costs a sizable 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, like the kind of solar panels you get and your local electricity rates.

Solar Incentives in Shoreview

Because solar power is better for the environment than burning fossil fuels, there are various government incentives available to encourage its adoption. These incentives normally include cash rebates, tax credits and/or performance-based incentives. They can lower the cost of installing solar panels by 26 to 50% in some cases. For more information about incentives for homeowners in Shoreview, check out the table below.

Environmental Impact of Switching to Solar in Shoreview

Replacing nonrenewable energy with solar power is a compelling way to do your part for a more eco-friendly future. A question many might have in mind is how much can they really help preserve the environment by switching to solar power anyway? In a city like Shoreview where energy use is rather high, switching to solar energy is a fantastic plan for those who are eco-conscious. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar power is renewable and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the environment.