Cold weather and measures to reduce the spread of COVID-19 have resulted in more people, adults and children, staying at home more hours per day. This in turn led to higher energy bills, with Minnesota utility customers paying double or triple what they would normally spend on electricity compared to previous years.
Even under normal circumstances, utility payments are a recurring monthly expense that continues to accumulate year after year with nothing to show for it. It’s not like paying for a house or a credit card, where eventually the balance is paid and the bill disappears.
But what if it could be? All Energy Solar explains how.
Solar pays for itself because it supplies a property
A solar installation is one of the few home improvements that really pays for itself over time, typically within five to 10 years, depending on generator size and energy use.
When an installer makes a proposal for a solar panel, the design is calculated not only by size and shape or roof, but also by the amount of energy consumed by the property. The idea is to install a “right size” system that covers most or all of the electrical needs, depending on the homeowner’s energy goals.
Once the solar panel is in place, it generates electricity as long as the sun rises every day, often reducing and eliminating utility bills paid.
Change in relations with public services
In most places, solar panels can be built to generate up to 120% of a property’s electricity needs. This is where the relationship between a solar customer and the utility company really changes. Surplus energy from the solar panel is “sold” back to the local utility’s power grid for credit on the next energy bill, a process known as “net billing. ”
It is common for solar customers to receive credits from the utility company throughout the summer instead of a bill. The credits can then be used during the winter months to pay for utility costs when the days are shorter with fewer hours of sunshine.
Net metering allows customers who produce their own electricity in a clean and efficient way to benefit more from the investment installed on their roofs, thus helping to reduce their annual electricity bill.
Making the Transition with Solar Incentives and Loans
Solar incentives can help pay for the installation of a photovoltaic system. The federal tax credit is 26% for any solar panel installed in 2021.
Plus, solar loans have put solar power systems within reach of more people than ever before. A variety of 10, 12, 15 and 20 year mortgage options for residential installations start as low as 0.99%. Specialized PACE loans (Property Assessed Clean Energy) are also available for businesses eligible to install solar panels.
Greater energy independence and lower energy costs are in the future for those who switch to solar. Big, small, rooftop or field mounted, Minnesota solar panels come in many shapes and sizes to meet power generation goals. Download our Solar and Energy Bills ebook for more information.
A trusted name in Minnesota solar power
Every year, All Energy Solar makes the switch to solar easier for homeowners of all kinds – residential, commercial, agricultural, municipal and more. Our experience in the industry allows us to confidently handle all aspects of the solar process. From initial energy analysis and concepts, engineering and design, construction and monitoring, our team pride themselves on being experts in all aspects of our field.
Break the cycle of “renting” your electricity to the utility company. Get a Free Virtual Solar Consultation from All Energy Solar.