16 Best Solar Companies in Buffalo Grove, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Buffalo Grove

When deciding on a solar company, most homeowners or business owners care about the costs above all. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Something that can save you money on 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 give you an average of $14,000 of savings over 20 years.
• Average daily sunlight: Since Buffalo Grove gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.
• Electricity consumption: The average household in Buffalo Grove uses a decent amount of, and as a result may save on their energy bills.

So is buying solar panels worth it? Whether you're trying to decrease your electric bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Buffalo Grove homeowners.

Solar Incentives in Buffalo Grove

If you're considering making the switch to solar power, a number of government incentives and state programs can drastically bring down the installation costs and expedite 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 stack the ITC with other local rebates and benefits. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Buffalo Grove

Installing solar panels is a good way to do what you can for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Buffalo Grove, though. In a city like Buffalo Grove where energy use is rather high, making the switch to solar power is a good plan for homeowners who are worried about the state of the planet. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.