11 Best Solar Companies in Bristol, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Bristol

Although solar panels can save you a good amount of money on utility bills over time, it's necessary to take into consideration the startup costs. The cost and possible savings vary depending on some important factors such as:

• Average daily sunlight: Since Bristol gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much you can save on your energy bills.
• How much energy costs for you: The typical household in Bristol spends around $920 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your solar system, too.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Bristol

If you're considering making the switch to solar energy, a variety of government incentives and state programs can dramatically lower your project costs and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Bristol

One of the best reasons to switch to solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. You may be trying to figure out — how much does making the switch do for the environment anyway? Your energy usage is a significant factor to consider. The more energy your household consumes, the greater your impact when you make the switch to solar power. While making solar panels emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used traditional energy. In Bristol, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you care about the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.