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

The Cost and Benefits of Solar in Cicero

We know that for most homeowners, the choice to invest in solar depends on installation costs. Some main factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.
• Your income and budget: This determines what kind of solar panels you can purchase.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• The cost of energy for you: If your local electricity rates are high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Cicero, you can save an average of $75 a month on your electricity bills.

There are several great benefits of solar even with the upfront cost of installation. It can help the environment and your bank account. In addition, it can raise the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Cicero

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economically viable and accessible. 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. Our article on solar incentives goes over more detailed information on the incentives you can find in Cicero.

Environmental Impact of Switching to Solar in Cicero

Replacing nonrenewable energy with solar power is a great way to do your part for a more sustainable future. But how much can switching to solar actually help the environment? One thing that can severely affect your carbon footprint is how long your commute is and how much you drive in general. If you install solar panels and have an electric car, you can significantly decrease your carbon dioxide emissions by charging your car at home. If you go solar, your carbon footprint can be lowered by about 90 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.