Solar panels in Minnesota

AVERAGE PAYBACK
PERIOD

8 YEARS

20 - YEAR
SAVINGS

$20,150

SOLAR PANEL COST
PER WATT

$1

THE BENEFITS OF SOLAR IN MINNESOTA

Solar energy offers numerous benefits for homeowners in Minnesota. One primary advantage is the potential to save money on utility bills. By installing solar panels, homeowners can generate their own electricity, reducing their reliance on the traditional power grid. Minnesota receives ample sunlight throughout the year, making it an ideal location for harnessing solar energy. As a result, homeowners can significantly decrease their monthly utility expenses by generating clean and renewable energy from the sun.

Additionally, homeowners who switch to solar power can take advantage of various financial incentives and tax credits. In Minnesota, property tax exemptions are available for residential solar installations, which can further lower the overall cost of going solar. Moreover, the federal government offers a 26% solar investment tax credit (ITC), allowing homeowners to recoup a significant portion of their investment in solar panels. These financial incentives, coupled with the potential savings on utility bills, make solar an appealing option for homeowners seeking to reduce their energy expenses.

LITTLE BIT MORE ABOUT SOLAR PANELS IN MINNESOTA

4 HOURS PEAK SUN

A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².

243,918 HOMES

State Homes Powered by Solar

RANKS 29TH IN COUNTRY FOR SOLAR GROWTH

Growth Projection: 1,464 MW over the next 5 years

SINCE 2018 PEOPLE IN MINNESOTA HAVE SAVED ON AVERAGE $20,150

You can also join them, all you have to do is leave an application

WHY SHOULD YOU CONSIDER GOING SOLAR IN MINNESOTA

YOU CAN SAVE ON YOUR UTILITIES BILL

At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in 97035.

INCENTIVES AND TAX CREDITS

There are 140 solar policies and incentives in the state of Minnesota. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy.

IMPROVE THE VALUE OF YOUR HOUSE

The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Minnesota. More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.

FIGHT AGAINST RISING ELECTRICITY COSTS IN Minnesota

It is no surprise that electricity costs have been increasing. The cost of electricity has risen by around 5% and that trend is expected to continue in Minnesota . Solar panels are like an insurance policy against increasing electricity rates. With home solar, you get the power to control your energy’s future.

SOLAR PANELS IN MINNESOTA

AVERAGE PAYBACK PERIOD