18 Best Solar Companies in Forest Park, IL (2023 Reviews)

The Cost and Benefits of Solar in Forest Park

For lots of homeowners, whether or not you should invest in solar energy boils down to the cost. Some main factors that dictate the cost of installing solar panels on your home and how much it could save you over time include:

• Your power bills: This will affect how much you can save. In Forest Park, the average resident can save about $900 a year on their electricity bills.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $13,000 on your utility bills over 20 years excluding incentives.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• The amount of sunlight your roof gets: Due to Forest Park's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

Solar is a fruitful investment for most homeowners. You can make your own energy instead of paying for it from a utility company and benefit from solar incentives, all while helping preserve the environment.

Solar Incentives in Forest Park

If you're considering switching to solar power, a variety of government incentives and subsidies can dramatically reduce the installation costs and expedite the return on your investment. There are quite a few federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money back after installing solar panels. For detailed information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Forest Park

Switching to solar energy can have a meaningful impact on the environment. But — how much exactly can you help the planet by going solar? In a city like Forest Park where energy use is rather high, making the switch to solar power is a fantastic plan for homeowners who are eco-conscious. Once you go solar, your carbon emissions can be lowered by about 90 pounds each year. As you can see, using solar power has so many other rewards apart from saving money. One of the most important ones is that you can help save the environment too.