16 Best Solar Companies in East Eldorado, IL (Mar 2023 Review)

The Cost and Benefits of Solar in East Eldorado

For many homeowners, the decision to invest in a solar energy system boils down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Electricity consumption: The average home in East Eldorado uses a decent amount of, and therefore may save on their energy bills.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on electric bills than a roof that gets lots of sunlight.
• Your income and budget: This affects what model of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, without incentives.

Solar is a valuable investment for most homeowners. You can make your own electricity instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping preserve the environment.

Solar Incentives in East Eldorado

Because solar power is better for the environment than traditional energy sources, there are some government incentives in place to encourage people to make the switch. These incentives normally consist of cash rebates, tax benefits and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in East Eldorado

Switching to solar energy can have a beneficial effect on the environment. You may be asking yourself — how much do solar panels do for the environment anyway? Adopting solar power is a sustainable choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. When you go solar, your carbon emissions can be cut by about 100 pounds every year. The good things about solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.