14 Best Solar Companies in Shorewood, MN (Feb 2023 Review)

The Cost and Benefits of Solar in Shorewood

We understand that for lots of homeowners, the decision to invest in solar highly depends on installation costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can 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.
• Your current electric bills: Solar panels can greatly reduce, or totally eliminate, your utility bills. In Shorewood, you can save an average of $112 a month.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on energy bills than someone with a roof that gets plenty of sunlight.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Though a solar panel system costs a decent 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, such as the angle of your roof and your current power bills.

Solar Incentives in Shorewood

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in almost all cases, stack with the federal incentive, so you get to save even more. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Shorewood

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your greenhouse gas emissions. But how much can switching to solar actually help the environment? The more power your household uses, the better off the planet will be from you switching to solar since you won't need to use as much nonrenewable energy. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar energy is renewable and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the planet.