13 Best Solar Companies in Addison, IL (Jun 2022 Review)

The Cost and Benefits of Solar in Addison

While solar panels can help save you a good amount of money on power bills over time, it's necessary to consider the upfront costs. Some key things that impact how much it will cost and how much you could save include:

• Incentives: Those who purchase and install a solar energy system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your energy bills over 20 years without incentives.
• Electricity consumption: The average home in Addison uses a decent amount of, and as a result may save on their energy bills.
• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much energy your solar panels can make.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your energy consumption.

Solar Incentives in Addison

Since solar power is more sustainable than traditional energy sources, there are several government incentives in place to encourage its adoption. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after buying a solar panel system. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Addison

Many want to do what they can to help save the planet, which often is the primary reason for installing a solar system. You may be wondering — how much do solar panels help the planet anyway? The more power your house uses, the better off the planet will be if you switch to solar since you won't need to rely on traditional energy sources as much. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other rewards apart from saving money. One of the major ones is that you can help save the planet too.