11 Best Solar Companies in Downers Grove, IL (Jun 2022 Review)

The Cost and Benefits of Solar in Downers Grove

For the majority of homeowners, the decision to invest in solar energy depends the most on the cost. Some important factors that dictate the cost of installing solar panels on your home and how much it could save you over time are:

• Your energy consumption: If your household regularly uses a lot of energy, you'll see more savings from switching to solar.
• Your current electric bills: Solar panels can greatly decrease, or completely eliminate, your utility bills. In Downers Grove, you can save an average of $75 a month.
• Incentives: Those who purchase and install a solar system this year can save 26% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your utility bills over 20 years without incentives.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the angle of your roof and incentives.

Solar Incentives in Downers Grove

One of the good things about installing a solar panel system is receiving government incentives. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further save. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Downers Grove

There are many reasons to switch to solar energy, like saving on utility bills and helping to reduce your carbon footprint. You may be trying to figure out — how much does making the switch help the environment anyway? The more power your family uses, the better off the planet will be from you switching to solar as you won't have to rely on traditional energy sources as much. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other perks outside of saving money. One of the main ones is that you can help save the planet too.