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

The Cost and Benefits of Solar in Calumet

Although solar panels can save you money on utility bills over time, it's important to take into consideration the upfront costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.
• Where your home is: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• How much power your household needs: If your household uses a lot of energy, you'll benefit more from installing solar panels.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more 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 opt for a higher number of more affordable panels.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Calumet

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more economical and accessible. There are a lot of federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money in return after paying for solar panels. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Calumet

There are a few main reasons why people want to invest in solar energy: to help their wallet and the environment. Something many people might have in mind is how much can they really help save the environment by switching to solar power anyway? How much energy you use is a significant factor to think about. The more electricity your household consumes, the greater your impact when you switch to solar energy. Once you go solar, your carbon dioxide emissions can be cut by about 90 pounds a year. The benefits of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.