11 Best Solar Companies in Menomonie, WI (2023 Reviews)

The Cost and Benefits of Solar in Menomonie

When choosing a solar company, most homeowners or business owners think about the costs the most. Some key things that determine the cost and possible savings include:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Electricity consumption: The average home in Menomonie uses a decent amount of, and as a result may save on their energy bills.
• The cost of energy for you: If your local power rates are quite high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Menomonie, you can save an average of $119 a month on your electricity bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in Menomonie

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. 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 may often be some local incentives that you can take advantage of to further save. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Menomonie.

Environmental Impact of Switching to Solar in Menomonie

There are a few primary reasons why people are interested in solar energy: for the good of their bank accounts and the planet. But you may be wondering — how much exactly can you help by making the switch to solar? The amount of energy you use is an important factor to think about. The more energy your household consumes, the bigger your impact when you switch to solar energy. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.