17 Best Solar Companies in St Augusta, MN (Feb 2023 Review)

The Cost and Benefits of Solar in St Augusta

For the majority of homeowners, the decision to invest in solar energy boils down to the cost. There are a few factors you should consider when trying to figure out costs and your potential savings, including:

• Your income and budget: This determines what type of solar panels you can get.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on power bills than a house with a roof that gets plenty of sunlight.
• Your power bills: This will determine how much you can save. In St Augusta, the average homeowner can save about $1,300 a year on their electricity bills.
• 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. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.

Although a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, such as the size of your house and incentives.

Solar Incentives in St Augusta

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you much money over several years due to lower energy bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in St Augusta

Going solar can have a positive effect on the environment. You may be curious — how much do solar panels help the environment anyway? Your energy usage is a significant factor to consider. The more power your household consumes, the greater your impact when you make the switch to solar power. When you go solar, your carbon dioxide emissions can be cut by about 90 pounds a year. Since solar power is plentiful and makes electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help preserve the planet.