14 Best Solar Companies in Geneva, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Geneva

For many people considering switching to solar, the decision of which solar installer to go with comes down to pricing. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Your energy bills: This will dictate your savings. In Geneva, the average homeowner can save about $1,100 a year on their electricity bills.
• Typical energy usage: The more energy your household uses on average and the larger your current energy bills are, the more likely you'll benefit 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 installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you get 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.

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, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in Geneva

Because solar power is better for the environment than fossil fuels, there are several government incentives in place to encourage its adoption. On top of the federal solar investment tax credit, there are also some local programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Geneva

If you're considering adding solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. But how much can using solar energy instead of traditional energy actually affect the environment? The more energy your house uses, the better off the planet will be when you switch to solar as you won't need to rely on traditional energy sources as much. After you go solar, your carbon footprint can be reduced by about 90 pounds each year. Since solar power is abundant and produces electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help the planet.