18 Best Solar Companies in Glen Ellyn, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Glen Ellyn

The cost of installing solar panels has dropped immensely over the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Electricity consumption: The average household in Glen Ellyn uses a decent amount of, and so may save on their energy bills.
• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.
• Your income and budget: This affects what type of solar panels you can afford.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the kind of solar panels you get and your local electricity rates.

Solar Incentives in Glen Ellyn

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you much money in the long term due to smaller energy bills and government incentives. You are eligible 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 local incentives. In our article on solar incentives, you can see the incentives you qualify for in Glen Ellyn.

Environmental Impact of Switching to Solar in Glen Ellyn

Many want to do their part to help protect the environment, which for many is the prime motivation to install a solar system. But how much can installing solar panels actually affect the environment? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.