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As Minnesota homeowners are looking to reduce their energy costs and carbon footprint, solar energy is becoming an increasingly popular option. With the right solar energy system, you can produce your own electricity, save money on your energy bill, and gain energy independence. But with so many solar companies and options available, it can be challenging to determine which one is best for your home.
If you live in Minnesota, you’re in luck! Minnesota has some of the best solar resources in the country and offers a variety of incentives and tax credits that make installing solar panels more affordable than ever before. This article will discuss the best solar options for homes in Minnesota, including information about solar panels, the installation process, cost savings, and more.
Solar Panels & Solar panels cost
Solar panels are the most critical component of any residential solar system, and they are responsible for capturing sunlight and converting it into usable electricity for your home. When choosing a home solar system for your home, there are several factors to consider, such as size (measured in watts), efficiency (how much power they generate per square foot), warranty period (how long they will last), and price.
The average cost of a solar panel installation in Minnesota ranges from $18,578 to $25,722, depending on the size and type of system installed. On a cost-per-watt ($/W) basis, a typical residential system will range from $3.0-$3.90/Watt before claiming the federal tax credit or other incentives. The upfront cost of systems is usually $0, thanks to some great loan programs.
Battery Backup Systems: On Grid vs. Off Grid
Battery Backup Systems are an optional addition to a residential solar system, but they can benefit homeowners who need backup power or want to maximize their energy savings. Solar batteries store excess electricity produced by the solar panels during the day so that they can be used when the sun isn’t shining. This helps reduce your dependence on the grid and helps you go completely off grid. The downside of batteries, solar batteries, and battery backup systems is the cost, as it can range from $10,000 to $25,000, depending on capacity and other factors. However, batteries can help maximize energy savings and provide peace of mind when facing power outages.
Once you have selected a solar installation company to install your solar system, there are several steps involved in the process, including site assessment (determining optimal placement based on roof orientation & angle), permitting & interconnection agreement with utility company(s), equipment selection & purchase order placement with the supplier(s), installation & commissioning of system components by the installer(s). Finally, once all components have been installed correctly, it is time for final inspection by the local building inspector before activation & start-up of the system by the installer(s).
Minnesota offers a variety of incentives for residents to install solar systems. The most significant is the federal tax credit & Solar Renewable Energy Credit (SREC) program, which can help offset the cost of installation. Additionally, many local utility companies offer net metering agreements, which provide credits on customers’ bills when their system produces excess energy that is fed back into the grid.
Finally, homeowners should be aware of other state-level incentives such as Property Assessed Clean Energy (PACE), Residential Renewable Energy Tax Credit Program (RERTC), and Minnesota-Made Solar Thermal Rebates (MMSR). These programs are designed to make residential solar power more affordable and accessible in Minnesota.
When selecting solar panel companies to install your solar power systems, there are several things to consider, such as experience level (how long have they been installing systems?), customer service (do they provide ongoing support?), quality of workmanship (are their installations up to code?), warranties offered (what kind of guarantees do they offer?), and pricing structure (do they offer financing options?).
The solar energy industry is growing, and many solar energy companies in Minnesota specialize in residential installations, including Wolf River Electric and others. It is essential to research each solar energy company thoroughly before deciding so that you can find the best fit for your needs.
Wolf River Electric should be your number one choice when looking at Minnesota solar companies; Wolf River is based in Isanti, MN. With over 8000 installations in the business since 2014, an overall 4.8-star Google rating, and an A+ rating on BBB. You can rest assured knowing that one of the best solar companies will put your needs first every step of the way. And make sure that your home’s energy needs are met with outstanding energy production.
Installing a residential solar panel system can be an excellent way for homeowners in Minnesota to reduce their energy costs while also helping protect our environment from harmful emissions associated with traditional sources of electricity generation. By researching different companies offering services within the state and understanding all available incentives & rebates, many homeowners can achieve significant savings over time compared to purchasing electricity from traditional sources. Contact Wolf River Electric today to learn more!