17 Best Solar Companies in Foster, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Foster

For many people considering switching to solar, the decision of which solar company to go with depends on costs. There are a few factors you should take into consideration when determining costs and your potential savings, such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 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 $16,000 over the first 20 years with your solar system, too.
• Your home's power bills: With fairly high monthly electricity bills in Foster, you could save about $1,100 a year with solar.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on energy bills than a roof that gets lots of sunlight.

There are lots of good benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. Additionally, it can boost the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Foster

There are a lot of reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. These incentives normally take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can lower how much you pay for installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Foster.

Environmental Impact of Switching to Solar in Foster

Switching to solar energy can have a meaningful effect on the environment. But — how much exactly can you help the planet by making the switch to solar? The more power your household uses, the better off the planet will be from you switching to solar since you won't have to burn as many fossil fuels. Even though solar panel production emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used traditional energy. In Foster, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, using solar power has so many other benefits outside of saving money. One of the major ones is that you can help save the environment too.