16 Best Solar Companies in Cuba, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Cuba

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 important factors such as:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years excluding incentives.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on electric bills than a roof that gets plenty of sunlight.
• Your income and budget: This affects what type of solar panels you can afford.
• Your household's power bills: Based on the high monthly energy bills in Cuba, you could save about $900 a year with solar.

There are many wonderful benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. Plus, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Cuba

In order to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can benefit from to further save. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Cuba

A lot of people want to do their part to help save the environment, which often is the chief reason for installing a solar system. But — how much exactly can you help the planet by using solar power? Switching to solar power is a sustainable choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the nation is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In Cuba, the average homeowner can lower their carbon footprint by 90 pounds a year once they go solar. If you want to do what you can for the environment, you'll no doubt find that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.