16 Best Solar Companies in St Peter, MN (2023 Reviews)

The Cost and Benefits of Solar in St Peter

We get that for lots of homeowners, the choice to invest in solar depends on installation costs. Some main factors that affect the cost of installing a solar panel system on your home and how much it could save you over time are:

• 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 lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your current power bills: Solar panels can substantially reduce, or entirely eliminate, your utility bills. In St Peter, you can save an average of $114 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or 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 solar panels, too.
• How much power your household needs: If your household uses a lot of energy, you'll benefit more from switching to solar.

So is a solar panel system worth it? Whether you'd like to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many St Peter homeowners.

Solar Incentives in St Peter

One of the great things about installing a solar panel system is earning federal and potentially state incentives. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can use to further save. For more information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in St Peter

One of the reasons so many homeowners are thinking of switching to solar power is to help bring down their environmental impact. But how much can switching to solar actually affect the environment? If your home consumes a lot of energy, you can help the environment even more by switching to solar energy. While solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In St Peter, you can reduce your carbon footprint by 90 pounds a year with solar panels. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.