16 Best Solar Companies in Gibson City, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Gibson City

The cost of installing a solar panel system has dropped significantly in the past few years, but it's still a significant investment for most homeowners. There are several factors you should consider when trying to figure out costs and your potential savings, including:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Solar may be an expensive investment for families that don't need a lot of energy a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your 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 $15,000 over the first 20 years with your system, too.
• The amount of sunlight your roof gets: Thanks to Gibson City's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

So are solar panels worth it? Whether you'd like to lower your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Gibson City homeowners.

Solar Incentives in Gibson City

Adopting solar power has plenty of great benefits. Not only can it help protect the planet, but you can also save a good amount of money on your installation with various government incentives. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can benefit from to further save. For more information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Gibson City

A lot of people want to do their part for the planet, which for many is the primary reason for installing solar panels. But how much can switching to solar actually help the environment? An important thing to keep in mind is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar energy for your house can help offset that. In Gibson City, the average person can reduce their carbon footprint by 100 pounds a year once they go solar. If you want to do your part for the environment, you'll most likely get that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.