11 Best Solar Companies in Dupo, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Dupo

The cost of putting up a solar panel system has dropped significantly in the past several years, but it's still a large investment for most homeowners. A few main factors that determine the cost of installing a solar panel system on your home and how much money you could save over time are:

• The amount of sunlight your home gets: Thanks to Dupo's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $16,000 over 20 years with your solar panels, too.
• How much energy costs for you: The typical household in Dupo shells out around $1,000 a year on home energy use alone, so you could gain that much in savings.

As a result of solar panels now being cheaper than ever as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Dupo

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over many years because of reduced utility bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other state and city rebates and benefits. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Dupo

Replacing nonrenewable energy with solar power is a compelling way to do what you can for a greener future. But you may be wondering — how much exactly can you help the planet by using solar power? As stated by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help bring down that statistic in a city like Dupo that produces a large amount of carbon dioxide emissions each year. Once you go solar, your carbon dioxide emissions can be lowered by about 100 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.