13 Best Solar Companies in Belvidere, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Belvidere

For many people, the decision of which solar installer to go with comes down to total costs. There are a few factors you should take into consideration when trying to determine the overall cost and how much you can save, such as:

• How much you spend on energy: The typical family in Belvidere shells out around $950 a year on electricity alone, so you could gain that much in savings.
• How much power your household consumes: Households that need plenty of energy each month may call for more solar panels and, as a result, be more expensive, but will also benefit more over time.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Belvidere

Because solar power is a cleaner source of energy than fossil fuels, there are quite a few government incentives available to encourage people to make the switch. These incentives typically take the form of cash rebates, tax credits and/or solar renewable energy credits. They can cut how much you pay for installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Belvidere.

Environmental Impact of Switching to Solar in Belvidere

An important reason so many consider going solar is to help bring down their environmental impact. You may be curious — how much does making the switch do for the environment anyway? The more power you use, the the more the environment will benefit if you switch to solar as you won't need to rely on traditional energy sources as much. While making solar panels releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Belvidere, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you want to do what you can for the environment, you'll likely recognize that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.