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

The Cost and Benefits of Solar in Bloomingdale

The cost of putting up solar panels has gone down greatly in the past few years, but it's still a significant investment for most homeowners. There are a few factors you should consider when trying to figure out costs and your potential savings, including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• Your energy bills: This will dictate how much money you might save. In Bloomingdale, the average resident can save about $900 a year on their electricity bills.
• Your energy consumption: If your household uses a lot of energy, you'll reap more rewards from switching to solar.
• Choice of solar panels: The kind of solar panels you are interested in getting 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.

There are several good benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. Plus, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Bloomingdale

One of the great things about installing a solar panel system is earning federal and potentially state incentives. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Bloomingdale

Many want to do their part to help save the environment, which in many cases is the prime motivation to install a solar system. Something many homeowners might be thinking about is how much can they really help protect the environment by switching to solar power anyway? In a city like Bloomingdale where commute times can be pretty long, using solar power can help help reduce the carbon footprint of driving a lot. Although solar panel production emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Bloomingdale, you can reduce your carbon footprint by 90 pounds a year with solar panels. The great things about solar power are infinite — just like solar power is! That's why so many Bloomingdale residents have been happy with making the switch to solar.