17 Best Solar Companies in St Augusta, MN (Oct 2022 Review)

The Cost and Benefits of Solar in St Augusta

When picking a solar company, most homeowners or business owners wonder about the costs the most. A few important factors that influence how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your energy bills: This will impact how much money you might save. In St Augusta, the average homeowner can save about $1,300 a year on their electricity bills.
• 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 lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can give you an average of $17,000 of savings over 20 years.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for most homeowners.

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 the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in St Augusta

There are lots of reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to lower your carbon footprint. You may be wondering — how much does going solar help the environment anyway? The amount of energy you use is a key factor to think about. The more electricity your home uses, the bigger your impact when you make the switch to solar power. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll no doubt get that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.