12 Best Solar Companies in Capital, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Capital

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your panels. There are several factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• The type of solar panels you're planning on getting: More efficient panels are more expensive, so that will shape your budget for your solar project.
• Energy consumption: Installing a solar system may be a high-cost option for families that don't use too much energy per month.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on power bills than a roof that gets a lot of sunlight.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your energy bills, which can generate an average of $16,000 of savings over 20 years.

So is buying solar panels worth it? Whether you'd like to lower your electric bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Capital homeowners.

Solar Incentives in Capital

Because solar power is better for the environment than burning fossil fuels, there are various government incentives available to encourage people to make the switch. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local incentives. In our article on solar incentives, you can read about the incentives you qualify for in Capital.

Environmental Impact of Switching to Solar in Capital

Going solar can have a meaningful effect on the environment. But how much can installing solar panels actually affect the environment? The more energy your household uses, the better off the planet will be when you switch to solar as you won't have to rely on traditional energy sources as much. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.