16 Best Solar Companies in Foster, IL (Aug 2022 Review)

The Cost and Benefits of Solar in Foster

Although solar panels can help save you money on energy bills over time, it's necessary to know the startup costs. The cost and possible savings vary depending on a few key factors such as:

• Your current electricity bills: Solar panels can noticeably lower, or entirely eliminate, your utility bills. In Foster, you can save an average of $88 a month.
• How much energy you use: If your home needs to use a lot of energy, you'll reap more rewards from going solar.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 26% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Additionally, you can save about $16,000 over 20 years on your utility bills, before factoring in incentives.
• The model of solar panels you're planning on getting: More high-tech panels cost more, so that will influence your budget for your solar project.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the environment and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Foster

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. These incentives typically take the form of cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of installing solar panels by 26 to 50% in some cases. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Foster

An important reason so many homeowners are considering adopting solar energy is to help lower their environmental impact. Something many homeowners might be thinking about is how much can they really help preserve the environment by going solar anyway? The more energy your house uses, the better off the planet will be when you switch to solar since you won't have to burn as many fossil fuels. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Foster, you can reduce your carbon footprint by 100 pounds a year with solar panels. Since solar power is plentiful and makes electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the planet.