11 Best Solar Companies in Green Oaks, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Green Oaks

We know that for most homeowners, the choice to invest in solar highly depends on installation costs. There are several factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• 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. Aside from incentives, you can save an average of $14,000 over the first 20 years with your system, too.
• Your income and budget: This shapes what model of solar panels you can buy.
• How much electricity your household consumes: Homes that consume plenty of electricity each month may call for more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.
• The amount of sunlight your city gets: Thanks to Green Oaks' high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, such as the amount of daily direct sunlight available and incentives.

Solar Incentives in Green Oaks

If you're thinking about making the switch to solar energy, a number of government incentives and subsidies can drastically bring down your project costs and expedite the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. In our article on solar incentives, you can find out about the incentives you qualify for in Green Oaks.

Environmental Impact of Switching to Solar in Green Oaks

Lots of people want to do their part for the planet, which for many is the main motivation to install a solar system. But how much can using solar energy instead of traditional energy actually affect the environment? The amount of energy you use is a key factor to keep in mind. The more electricity your household consumes, the greater your impact when you go solar. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used traditional energy. In Green Oaks, you can reduce your carbon footprint by 90 pounds a year with solar panels. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.