17 Best Solar Companies in Deerfield, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Deerfield

When picking a solar company, most homeowners or business owners wonder about the costs the most. Some important factors that influence how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• The amount of sunlight your roof gets: This, plus how your roof is set up, affects affect how much power your solar panels can generate.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• average energy usage: The more electricity your household consumes on average and the steeper your current electricity bills are, the more benefits you'll see from switching to solar.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the size of your solar panel system and incentives.

Solar Incentives in Deerfield

One of the good things about installing a solar panel system is receiving government incentives. 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. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Deerfield

One reason so many consider adopting solar energy is to help lower their environmental impact. Something many might be asking themselves is how much can they really help the environment by going solar anyway? If your family consumes lots of energy, you can help the environment even more by switching to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. The advantages of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.