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

The Cost and Benefits of Solar in Shoreview

The cost of putting up a solar panel system has gone down immensely over the past several years, but it's still a large investment for most homeowners. Some important things that affect the upfront cost and potential savings over time include:

• The amount of sunlight your home gets: Due to Shoreview's relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• How much power your household consumes: Households that use a lot of electricity each month may need more solar panels and, consequently, more upfront cost, but will also benefit more over time.
• The make and model of solar panels you're planning on getting: Higher-efficiency panels are more costly, so that will affect your budget for your solar project.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can result in an average of $19,000 of savings over 20 years.

Solar is a valuable investment for most homeowners. You can generate your own energy instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping preserve the environment.

Solar Incentives in Shoreview

Although installing solar panels is typically a big investment, it can save you a significant amount of money over many years due to lower energy bills and government incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can use to further save. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Shoreview

Switching to solar energy can have a beneficial effect on the environment. Something many homeowners might be thinking about is how much can they really help protect 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 idea for homeowners who want to do their part for the environment. If you go solar, your carbon footprint can be cut by about 90 pounds every year. As you can see, going solar has so many other benefits apart from saving money. One of the major ones is that you can help save the environment too.