17 Best Solar Companies in Danville, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Danville

For many homeowners, whether or not to invest in a solar energy system boils down to the cost. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• average energy usage: The more electricity your home uses on average and the larger your current electricity bills are, the more benefits you'll see from switching to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your system, too.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings 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.
• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.

So is installing solar panels worth it? Whether you hope to decrease your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Danville homeowners.

Solar Incentives in Danville

Adopting solar power has a lot of considerable benefits. Not only can it help preserve the Earth, but you can also save some money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Danville

A lot of people want to do what they can to help save the planet, which for many is the prime reason for installing a solar system. But — how much exactly can you help the environment by using solar power? For homeowners who care about the environment, going solar is an easy decision, especially since Danville produces a very high amount of carbon dioxide emissions from its energy generation. If you go solar, your carbon footprint can be lowered by about 100 pounds a year. Since solar energy is renewable and produces electricity without CO2 emissions, installing solar panels is one easy step you can take to help protect the environment.