18 Best Solar Companies in Chicago, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Chicago

Solar panels are powered by a free energy source — the sun — but to 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:

• Incentives: Those who purchase and install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $13,000 on your energy bills over 20 years excluding incentives.
• How much you spend on energy: The typical family in Chicago spends around $900 a year on electricity alone, so you could gain that much in savings.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• The type of solar panels you're thinking of getting: More efficient panels are more expensive, so that will influence your budget for your solar project.

Solar is a fruitful investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar incentives, all while helping preserve the Earth.

Solar Incentives in Chicago

If you're considering switching to solar energy, a variety of government incentives and subsidies can immensely bring down the cost of the project and speed up the return on your investment. There are a lot of federal, state and local rebates and tax credits that let you earn some money back after paying for solar panels. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Chicago

A lot of people want to do their part to help protect the environment, which in many cases is the main reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Chicago, though. No matter where you are, you can help the planet by switching to solar energy, but homes that consume lots of energy will have an even greater impact. In Chicago, the average person can reduce their carbon footprint by 90 pounds a year after going solar. If you care about the environment, you'll most likely find that there are many benefits of adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.