18 Best Solar Companies in Bloom, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Bloom

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your system. Some important factors that determine how much it will cost to install solar panels on your home and how much it could save you over time are:

• How much energy you use: If your family uses a lot of energy, you'll reap more rewards from going solar.
• Your power bills: This will affect how much you can save. In Bloom, the average resident can save about $900 a year on their electricity bills.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can result in an average of $13,000 of savings over 20 years.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Due to solar panels now being cheaper than ever as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Bloom

One of the great things about installing a solar panel system is earning government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Bloom

Replacing nonrenewable energy with solar power is a powerful way to do what you can for a more eco-friendly future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bloom, though. If your household consumes a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll likely recognize that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.