18 Best Solar Companies in Frankfort, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Frankfort

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. A few important factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• Your income and budget: This shapes what model of solar panels you can afford.
• Your home's power bills: Because of high monthly energy bills in Frankfort, you could save about $900 a year with solar.
• How much energy you use: If your household regularly uses a lot of energy, you'll reap more rewards from going solar.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.

So is installing solar panels worth it? Whether you want to lower your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Frankfort homeowners.

Solar Incentives in Frankfort

If you're thinking about switching to solar power, various government incentives and tax credits can immensely reduce your project costs and speed up the return on your investment. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Frankfort

There are tons of reasons to make the switch to solar power, like saving money on utility bills and helping to reduce your carbon footprint. But how much can installing solar panels actually affect the environment? The more power your house uses, the the more the environment will benefit from you switching to solar as you won't need to use as much nonrenewable energy. In Frankfort, the average resident can reduce their carbon footprint by 90 pounds a year once they go solar. If you care about the environment, you'll most likely get that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.