The Benefits of Solar Power
…for your home:
It’s a solid home investment.
A study by Lawrence Berkeley National Laboratory showed that across the board, buyers were willing to pay $15,000 extra for a home with an average-sized solar panel system
Solar has a fixed energy cost
Nationally, electricity costs rise an average of 2.5% annually. The cost for a solar system, on the other hand, remains the same. Whether you choose to lease or finance your system, then you have a set, minimal monthly payment that replaces your electricity bill.
…and can actually make you money!
The State of Minnesota’s Renewable Portfolio Standard (RPS) requires utilities to secure 25% of their electricity from renewable sources by 2025, with 1.5% from solar installations by 2020. Small-scale solar installations must provide 10% of that energy, meaning utilities have an incentive to encourage homeowners to switch to solar!
You can use your Solar Energy all day
Solar energy is generated from daylight, not sunlight. So even on cloudy days, your panels will be producing energy. With Minnesota’s Net Metering law, any excess energy generated during the day is pushed back onto the grid, crediting your account. Then, in the evening hours, you will be using the energy credited from the meter.
…for your business:
Receive Tax Credit
If you purchase a solar power system before December 31, 2019, your business is eligible for a Federal tax credit equal to 30% of the project costs AND recover the cost of the system through MACRS depreciation.
Reduce Operating Costs
Solar power systems will reduce or even eliminate your office building’s electric bill. EnergySage Marketplace Data indicates the average commercial property owner’s electric bill drops 75% - from $1,950 to %500 – after switching to solar.
Earn the "Green" Label
Using solar power reduces your business’s consumption of fuels, reducing greenhouse gas emissions and pollution. Any business using solar is helping to reduce global warming and increase the country’s energy independence. Going solar not only reduces expenses but is also great PR!