18 Best Solar Companies in East Alton, IL (Sep 2022 Review)

The Cost and Benefits of Solar in East Alton

While solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to consider the upfront costs. There are several factors you should take into consideration when determining costs and your potential savings, such as:

• The kind of solar panels you can afford: This hinges on your income and budget.
• The amount of sunlight your area gets: Thanks to East Alton's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• average energy usage: The more power your home uses on average and the higher your current power 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 deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your system, too.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in East Alton

If you're considering making the switch to solar energy, a number of government incentives and state programs can immensely bring down the installation costs and expedite the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. For detailed information about local incentives, see the table below.

Environmental Impact of Switching to Solar in East Alton

One of the most compelling reasons to use solar power is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in East Alton, though. In a city like East Alton where energy use is rather high, installing solar panels is a great idea for people who are eco-conscious. In East Alton, the average resident can lower their carbon footprint by 100 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.