13 Best Solar Companies in South St Paul, MN (Oct 2022 Review)

The Cost and Benefits of Solar in South St Paul

When picking a solar company, most homeowners or business owners care about the costs the most. A few main factors that dictate the cost of installing solar panels on your home and how much it could save you over time include:

• The kind of solar panels you can buy: This depends on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Energy consumption: Installing solar panels may be an expensive option for households that don't need too much energy each month.
• The amount of sunlight your roof gets: Because of South St Paul's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your energy consumption.

Solar Incentives in South St Paul

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money in the long term due to lower utility bills and government incentives. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can use to further save. The table below lets you know about the incentives you can benefit from in South St Paul.

Environmental Impact of Switching to Solar in South St Paul

There are many reasons to make the switch to solar power, like saving on utility bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in South St Paul, though. Regardless of your location, you can help save the planet by switching to solar energy, but homes that use lots of energy will have an even greater impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the most important ones is that you can help save the planet too.