15 Best Solar Companies in Champaign, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Champaign

Even though solar panels can help save you a good amount of money on electricity bills over time, it's necessary to know the startup costs. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• 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 state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $13,000 over 20 years with your solar panels, too.
• average energy usage: The more power your home uses on average and the higher your current power bills are, the more money you could save by switching to solar.

Due to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Champaign

Adopting solar power has many great benefits. Not only can it help protect the environment, but you can also save a decent amount of money on your installation with various government incentives. There are several federal, state and local rebates and tax credits that earn some money in return after buying a solar panel system. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Champaign

There are a few main reasons why people want to invest in solar energy: to help their wallet and the environment. A question many might be thinking about is how much can they really help protect the environment by switching to solar power anyway? In Champaign, where the energy generation produces a lot of greenhouse gasses, going solar can have a significant effect on the planet since solar power is an abundant source of clean energy. If you go solar, your carbon footprint can be lowered by about 100 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the primary ones is that you can help save the Earth too.