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

The Cost and Benefits of Solar in Barrington Hills

The cost of putting up a solar panel system has decreased significantly in the past several years, but it's still a significant investment for most homeowners. A few key factors that influence the cost of installing solar panels on your home and how much money you could save over time include:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Additionally, you can save about $13,000 over 20 years on your utility bills, not including incentives.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Your home's power bills: Based on the high monthly energy bills in Barrington Hills, you could save about $900 a year with solar.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Barrington Hills

There are many reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. There are several federal, state and local rebates and tax credits that may earn you anywhere from 26% to 50% of your money back after installing a solar panel system. The table below gives you an idea of the incentives you can take advantage of in Barrington Hills.

Environmental Impact of Switching to Solar in Barrington Hills

If you want to add solar panels to your home, one of the primary reasons why may be to lower your reliance on nonrenewable energy. Something many homeowners might be asking themselves is how much can they really help save the environment by going solar anyway? In a city like Barrington Hills where energy use is rather high, switching to solar energy is a good plan for homeowners who want to do their part for the environment. After you go solar, your carbon footprint can be reduced by about 90 pounds a year. If you want to do your part for the environment, you'll likely understand that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.