17 Best Solar Companies in Watertown, MN (Mar 2023 Review)

The Cost and Benefits of Solar in Watertown

For lots of homeowners, whether or not you should invest in a solar energy system comes down to the cost. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The model of solar panels you have the money for: This is dependent on your income and budget.
• average energy usage: The more energy your home consumes on average and the steeper your current energy bills are, the more money you could save by going solar.
• 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 can help you save even more. Excluding incentives, you can save an average of $18,000 over the first 20 years with your solar panels, too.
• How much energy costs for you: If your local energy rates are quite high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Watertown, you can save an average of $113 a month on your electricity bills.

So is a solar panel system worth it? Whether you hope to lower your energy bills, carbon emissions or both, solar panels are a solid investment for many Watertown homeowners.

Solar Incentives in Watertown

There are a lot of reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. When you install a solar panel system, 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 state and city incentives that you can use to further save. For detailed information about incentives for homeowners in Watertown, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Watertown

Switching to solar energy can have a beneficial impact on the environment. Something many people might have in mind is how much can they really help the environment by switching to solar power anyway? In a city like Watertown where energy use is rather high, switching to solar energy is a good plan for people who care about the planet. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Watertown, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar power is abundant and makes electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the planet.