18 Best Solar Companies in Candlewick Lake, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Candlewick Lake

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your panels. A few key factors that dictate the cost of installing solar panels on your home and how much it could save you over time include:

• How much sunlight your roof gets: This, plus how your roof is set up, affects affect how much electricity your solar panels can generate.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much you spend on energy: The typical household in Candlewick Lake shells out around $1,000 a year on home energy use alone, so you could gain that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your 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 $15,000 over the first 20 years with your solar panels, too.

Due to solar panels now being cheaper than ever as well as various solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Candlewick Lake

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. These incentives normally consist of cash rebates, tax credits and/or performance-based incentives. They can lower the cost you pay for installing solar panels by 30%, upwards of 50% depending on where you live. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Candlewick Lake

Replacing nonrenewable energy with solar power is a compelling way to do what you can for a more eco-friendly future. But — how much exactly can you help by using solar power? Everyone can help save the environment by switching to solar energy, but homes that consume lots of energy will have a greater impact. In Candlewick Lake, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. The advantages of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.