16 Best Solar Companies in St Francis, MN (Feb 2023 Review)

The Cost and Benefits of Solar in St Francis

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. A few key factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• How much power your household consumes: Households that use plenty of power each month may need more solar panels and, therefore, be more costly, but will also benefit more over time.
• The cost of energy for you: If your local utility rates are especially high, there's a good chance you'll end up with a higher return on your investment in a solar system. In St Francis, you can save an average of $122 a month on your 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's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can give you an average of $19,000 of savings over 20 years.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your current power bills.

Solar Incentives in St Francis

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives in place to encourage its adoption. There are several federal, state and local rebates and tax credits that can earn you some money in return after installing a solar panel system. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in St Francis

Switching to solar energy can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in St Francis, though. How much energy you use is a key factor to think about. The more energy your home uses, the greater your impact when you switch to solar energy. In St Francis, the average household can reduce their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll most likely find that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.