12 Best Solar Companies in Fox River Grove, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Fox River Grove

For lots of homeowners, whether or not to invest in a solar energy system boils down to the cost. A few key factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. 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 panels won't be able to make as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. In addition, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• The cost of energy for you: If your local energy rates are high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Fox River Grove, you can save an average of $75 a month on your electricity bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the angle of your roof and your local electricity rates.

Solar Incentives in Fox River Grove

Although a solar power system is typically a big investment, it can save you a lot of money over the lifespan of your solar panels due to smaller power bills and government incentives. These incentives mostly take the form of cash rebates, tax credits and/or solar renewable energy credits. They can reduce how much you pay for installing solar panels by 26 to 50% in some cases. Check out the table below to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Fox River Grove

One reason so many are thinking of switching to solar power is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Fox River Grove, though. A significant thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar energy for your house can help offset that. In Fox River Grove, the average resident can lower their carbon footprint by 90 pounds a year after going solar. For those who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.