12 Best Solar Companies in Chatham, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Chatham

When picking a solar company, most homeowners or business owners think about the costs the most. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• The model of solar panels you can purchase: This is dependent on what your budget is.
• Average daily sunlight: Since Chatham gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• How much energy costs for you: If your local utility rates are quite high, there's a better chance you'll have a higher return on your investment in a solar panel system. In Chatham, you can save an average of $83 a month on your electricity bills.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and benefit from solar incentives, all while helping protect the planet.

Solar Incentives in Chatham

In order 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 economical and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives you can benefit from too. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Chatham

If you want to add solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. But you may be wondering — how much exactly can you help the planet by going solar? In a city like Chatham where energy use is rather high, switching to solar energy is a fantastic plan for people who are worried about the state of the planet. While making solar panels releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In Chatham, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other perks apart from saving money. One of the main ones is that you can help save the planet too.