12 Best Solar Companies in Geneseo, IL (Dec 2022 Review)

The Cost and Benefits of Solar in Geneseo

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to install your system. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Whether or not your roof gets a lot of direct sunlight: This, plus your roof configuration, affects affect how much energy your solar panels can produce.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Energy consumption: Installing a solar system may be too pricey an investment for families that don't need a lot of energy a month.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your current power bills.

Solar Incentives in Geneseo

If you're considering switching to solar energy, various government incentives and subsidies can immensely lower the installation costs and speed up the return on your investment. There are several federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money back after paying for a solar panel system. For comprehensive information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Geneseo

Lots of people want to do what they can to help save the planet, which in many cases is the main reason for installing solar panels. But how much can switching to solar actually help the environment? In Geneseo, where the energy generation produces a lot of greenhouse gasses, going solar can have a significant impact on the environment since solar power is a renewable source of energy. If you go solar, your carbon dioxide emissions can be lowered by about 100 pounds a year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.