18 Best Solar Companies in Glenwood, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Glenwood

For many homeowners, the decision to invest in a solar energy system boils down to the cost. There are quite a few factors you should consider when trying to determine costs and your potential savings, including:

• The amount of sunlight your home gets: Because of Glenwood's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $13,000 over 20 years on your utility bills, not including incentives.
• Energy consumption: Installing solar panels may be too steep of an investment for families that don't use too much energy each month.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, including the size of your house and your energy consumption.

Solar Incentives in Glenwood

There are several reasons why going solar is a great investment. One of them consists of some government incentives you can take advantage of. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Glenwood

Installing solar panels can have a positive effect on the environment. But you may be wondering — how much exactly can you help by making the switch to solar? Switching to green energy for electricity instead of using nonrenewable energy is a great way to reduce carbon dioxide emissions if you're conscious of Glenwood's sizable level of greenhouse gas emissions. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. Since solar power is plentiful and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.