15 Best Solar Companies in Colona, IL (2023 Reviews)

The Cost and Benefits of Solar in Colona

We know that for many homeowners, the decision to invest in solar highly depends on installation costs. There are quite a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Your energy consumption: If your household uses a lot of energy, you'll see more savings from installing solar panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Average daily sunlight: Since Colona gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your current power bills.

Solar Incentives in Colona

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 reduced utility bills and government incentives. These incentives mostly include cash rebates, tax credits and/or performance-based incentives. They can cut how much you pay for installing solar panels by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Colona

If you're planning on adding solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. Something many might have in mind is how much can they really help the environment by switching to solar power anyway? The EPA reports that electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Installing solar panels and switching to renewable energy can help bring down that number in a city like Colona that is responsible for a large amount of carbon dioxide emissions each year. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other rewards besides saving money. One of the primary ones is that you can help save the environment too.