13 Best Solar Companies in Eureka, IL (Jan 2023 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:

• Your power bills: This will determine how much you can save. In Eureka, the average resident can save about $960 a year on their electricity bills.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or 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 20 years with your solar system, too.
• Energy consumption: Installing solar panels may be a high-cost investment for homes that don't consume a good amount of energy each month.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the angle of your roof and your current power bills.

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

Installing solar panels is a great way to do what you can for a cleaner and more sustainable future. Something many homeowners might be wondering about is how much can they really help save the environment by going solar anyway? If your household uses a lot of energy, you can impact the environment even more by switching to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since energy from the sun is plentiful and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help preserve the environment.