15 Best Solar Companies in Bloomington City, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Bloomington City

When choosing a solar company, most homeowners or business owners wonder about the costs the most. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much energy your solar panels can make.
• Your energy bills: This will influence how much money you might save. In Bloomington City, the average homeowner can save about $930 a year on their electricity bills.
• The model of solar panels you're thinking of getting: Higher-efficiency panels are more costly, so that will affect your budget for your solar project.
• 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 a decent amount of money on your utility bills, which can result in an average of $14,000 of savings over 20 years.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Bloomington City

If you're thinking about making the switch to solar energy, various government incentives and subsidies can dramatically lower your project costs and speed up the return on your investment. These incentives normally include cash rebates, tax breaks and/or solar renewable energy credits. They can reduce the cost you pay for going solar by 30%, upwards of 50% in some cases. For comprehensive information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Bloomington City

Lots of people want to do what they can for the planet, which in many cases is the prime motivation to install solar panels. You may be asking yourself — how much does making the switch do for the planet anyway? For those who are environmentally-conscious, going solar is an easy decision, especially since Bloomington City produces a very high amount of carbon dioxide emissions from its energy generation. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the main ones is that you can help save the planet too.