11 Best Solar Companies in Sioux Falls, SD (Mar 2023 Review)

The Cost and Benefits of Solar in Sioux Falls

For many people, the decision of which solar company to hire comes down to prices. A few main factors that determine the cost of installing a solar panel system on your home and how much it could save you over time are:

• How much energy costs for you: The average household in Sioux Falls shells out around $1,600 a year on home energy use alone, so you could gain that much in savings.
• The type of solar panel system you have the money for: This hinges on how much you're willing to spend upfront.
• Incentives: Those who buy and install a solar system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $17,000 on your utility bills over 20 years excluding incentives.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on energy bills than someone with a roof that gets plenty of sunlight.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Sioux Falls

If you're thinking about switching to solar energy, a number of government incentives and tax credits can greatly lower your project costs and speed up the return on your investment. 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 local incentives that you can benefit from to further save. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Sioux Falls

Replacing nonrenewable energy with solar power is a powerful way to do what you can for a more sustainable future. But — how much exactly can you help the planet by using solar power? If your family consumes a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Sioux Falls, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.