17 Best Solar Companies in Spring Lake, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Spring Lake

We get that for most homeowners, the decision to invest in solar depends on installation costs. Some significant things that affect the cost and possible savings include:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your power bills, which can result in an average of $18,000 of savings over 20 years.
• Your home's power bills: With fairly high monthly power bills in Spring Lake, you could save about $1,300 a year with solar.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• How much power your household needs: If your home regularly uses a lot of energy, you'll benefit more from switching to solar.

So is buying solar panels worth it? Whether you hope to reduce your electric bills, carbon emissions or both, solar panels are a good investment for many Spring Lake homeowners.

Solar Incentives in Spring Lake

Adopting solar power has lots of wonderful benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local incentives. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Spring Lake

There are tons of 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 Spring Lake, though. In a city like Spring Lake where energy use is rather high, going solar is a great plan for homeowners who are eco-conscious. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other perks beyond saving money. One of the primary ones is that you can help save the planet too.