13 Best Solar Companies in Eureka, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Eureka

We get that for many homeowners, the decision to invest in solar highly depends on installation costs. There are several factors you should consider when determining costs and your potential savings, such as:

• Incentives: Those who install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years not including incentives.
• Your income and budget: This shapes what model of solar panels you can afford.
• The amount of sunlight your city gets: Due to Eureka's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• How much power your household needs: If your home needs to use a lot of energy, you'll benefit more from switching to solar.

There are lots of good benefits of solar despite the initial cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Eureka

If you're considering switching to solar energy, several government incentives and solar rebates can dramatically lower your project costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Eureka.

Environmental Impact of Switching to Solar in Eureka

Switching to solar energy can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Eureka, though. As stated by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity is generated by burning fossil fuels. Using solar power can help bring down that number in a city like Eureka that generates a large amount of carbon dioxide emissions each year. If you go solar, your carbon dioxide emissions can be reduced by about 100 pounds a year. If you want to do what you can for the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.