18 Best Solar Companies in Fulton, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Fulton

We understand that for many homeowners, the decision to invest in solar depends on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or 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 $17,000 over 20 years with your system, too.
• How much energy you use: If your household needs to use a lot of energy, you'll benefit more from switching to solar.
• The cost of electricity in your area: If your local power rates are quite high, there's a better chance you'll get a higher return on your investment in a solar system. In Fulton, you can save an average of $94 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

There are many great benefits of solar despite the initial cost of installation. It can help the environment and your finances. Plus, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Fulton

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over the lifespan of your solar panels because of lower power bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. Our article on solar incentives goes over more information on the incentives you can benefit from in Fulton.

Environmental Impact of Switching to Solar in Fulton

One of the best reasons to embrace solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. A question many homeowners might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? The more energy your household uses, the the more the environment will benefit if you switch to solar as you won't have to burn as many fossil fuels. Once you go solar, your carbon emissions can be reduced by about 90 pounds every year. The advantages of solar power are abundant — just like solar power is! That's why so many Fulton residents have been happy with using solar energy.