13 Best Solar Companies in St Michael, MN (Feb 2023 Review)

The Cost and Benefits of Solar in St Michael

For many people, the decision of which solar company to hire depends on how much it'll cost. A few important factors that influence how much it will cost to install solar panels on your home and how much it could save you over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $18,000 over 20 years with your system, too.
• The model of solar panel system you have the money for: This hinges on how much you're willing to spend upfront.
• Energy consumption: Solar may be too pricey an investment for households that don't need too much energy a month.
• How much you spend on energy: The average family in St Michael pays around $1,300 a year on power alone, so you could be looking at that much in savings.

So is installing solar panels worth it? Whether you hope to reduce your electricity costs, carbon emissions or both, solar panels are a solid investment for many St Michael homeowners.

Solar Incentives in St Michael

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time due to lower power bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in St Michael

Replacing nonrenewable energy with solar power is a good way to do your part for a more sustainable future. You may be curious — how much does making the switch do for the environment anyway? If your family uses a lot of energy, you can have an even greater impact on the planet by switching to solar energy. When you go solar, your carbon dioxide emissions can be lowered by about 90 pounds each year. If you care about the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.