17 Best Solar Companies in Chillicothe, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Chillicothe

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to install your panels. The cost and possible savings vary depending on some important factors such as:

• How much sunlight your roof gets: This, along with your roof configuration, affects affect how much energy your solar panels can generate.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• The kind of solar panels you have the money for: This depends on what your budget is.
• Electricity consumption: The average home in Chillicothe uses a decent amount of, and therefore may save on their energy bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Chillicothe

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a lot of money over the lifespan of your solar panels because of smaller power bills and government incentives. These incentives typically include cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost you pay for installing solar panels by 30%, upwards of 50% depending on where you live. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Chillicothe

Switching to solar energy can have a positive impact on the environment. But how much can installing solar panels actually help the environment? How much energy you use is a key factor to consider. The more electricity you use, the larger your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 100 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.