17 Best Solar Companies in Genoa, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Genoa

We know that for most homeowners, the choice to invest in solar depends on installation costs. There are quite a few factors you should consider when trying to figure out costs and your potential savings, such as:

• Energy consumption: Installing a solar system may be too steep of an investment for families that don't use a good amount of energy per month.
• The type of solar panels you have the money for: This is dependent on what your budget is.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• The cost of electricity in your area: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Genoa, you can save an average of $75 a month on your electricity bills.

So is a solar system worth it? Whether you're trying to decrease your energy bills, carbon emissions or both, solar panels are a good investment for many Genoa homeowners.

Solar Incentives in Genoa

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economical and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city incentives. Check out our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Genoa

There are tons of reasons to switch to solar power, like saving money on utility bills and helping to reduce your carbon footprint. You may be curious — how much do solar panels help the environment anyway? For those who want to do their part for the planet, switching to solar power is a straightforward choice, especially since Genoa produces a high amount of carbon dioxide emissions from its energy generation. In Genoa, the average person can lower their carbon footprint by 90 pounds a year after going solar. Since solar energy is plentiful and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help the environment.