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

The Cost and Benefits of Solar in Spring Lake Park

We get that for lots of homeowners, the decision to invest in solar depends on installation costs. The cost and possible savings vary depending on a few key factors such as:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets a lot of sunlight.
• Energy consumption: Installing a solar system may be an expensive investment for households that don't use a good amount of energy each month.
• Incentives: One thing that can save you money on 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.

There are many wonderful benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Spring Lake Park

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. There are quite a few federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money in return after installing a solar panel system. In our article on solar incentives, you can read about the incentives you qualify for in Spring Lake Park.

Environmental Impact of Switching to Solar in Spring Lake Park

Lots of people want to do their part to help protect the environment, which for many is the main reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Spring Lake Park, though. One thing to consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Once you go solar, your carbon dioxide emissions can be reduced by about 90 pounds each year. As you can see, using solar power has so many other rewards outside of saving money. One of the most important ones is that you can help save the environment too.