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

The Cost and Benefits of Solar in Germantown Hills

We know that for most homeowners, the choice to invest in solar hinges on installation costs. Some important things that determine how much it will cost and how much you could save include:

• Average daily sunlight: Since Germantown Hills gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• Electricity consumption: The average home in Germantown Hills uses a decent amount of, and therefore may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $12,000 over the first 20 years with your solar system, too.
• 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 save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.

So is buying solar panels worth it? Whether you hope to reduce your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Germantown Hills homeowners.

Solar Incentives in Germantown Hills

If you're planning on making the switch to solar power, various government incentives and solar rebates can drastically lower your project costs and speed up the return on your investment. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Germantown Hills

There are many reasons to make the switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help the environment by going solar? Using solar energy for electricity in place of using nonrenewable energy is an effective way to reduce your carbon footprint if you're concerned about Germantown Hills' large level of greenhouse gas emissions. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Germantown Hills, you can reduce your carbon footprint by 100 pounds a year with solar panels. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.