14 Best Solar Companies in Victoria, MN (2023 Reviews)

The Cost and Benefits of Solar in Victoria

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to set up your panels. Some important things that affect the cost and possible savings include:

• Choice of solar panels: The kind 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 go with a higher number of more affordable panels.
• Incentives: One thing that can make your solar project cost less 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 on your utility bills, which can give you an average of $18,000 of savings over 20 years.
• Your current power bills: Solar panels can greatly reduce, or totally eliminate, your utility bills. In Victoria, you can save an average of $111 a month.
• Average daily sunlight: Since Victoria doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which affects how much your electricity bills will be.

Although 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 angle of your roof and your current power bills.

Solar Incentives in Victoria

Although installing solar panels is typically a large investment, it can save you a lot of money over the lifespan of your solar panels because of smaller energy bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Victoria

An important reason so many homeowners are thinking of installing solar panels is to help reduce their environmental impact. You may be wondering — how much does going solar help the planet anyway? In a city like Victoria where energy use is rather high, switching to solar energy is a great idea for homeowners who are eco-conscious. While making solar panels emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Victoria, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since energy from the sun is abundant and produces electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.