16 Best Solar Companies in Aurora, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Aurora

For lots of homeowners, whether or not to invest in solar energy boils down to the cost. Some key factors that determine the cost of installing a solar panel system on your home and how much it could save you over time are:

• How much power your household consumes: Households that need plenty of electricity each month may need more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.
• Your energy bills: This will dictate how much money you might save. In Aurora, the average homeowner can save about $960 a year on their electricity bills.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years without incentives.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Aurora

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Aurora

There are tons of reasons to make the switch to solar energy, like saving on utility bills and helping to reduce your carbon footprint. But you may be wondering — how much exactly can you help by going solar? The more power your family uses, the better off the planet will be when you switch to solar as you won't need to burn as many fossil fuels. After you go solar, your carbon emissions can be lowered by about 90 pounds a year. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the most important ones is that you can help save the Earth too.