12 Best Solar Companies in Greenwood, IL (2023 Reviews)

The Cost and Benefits of Solar in Greenwood

For many people considering switching to solar, the decision of which solar company to hire comes down to how much it'll cost. There are several factors you should consider when trying to determine costs and your potential savings, such as:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much power your solar panels can generate.
• Your power bills: This will affect your savings. In Greenwood, the average resident can save about $900 a year on their electricity bills.

So is a solar panel system worth it? Whether you want to decrease your energy bills, carbon emissions or both, solar panels are a great investment for many Greenwood homeowners.

Solar Incentives in Greenwood

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economically viable and accessible. Local solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. Our article on solar incentives has more detailed information on the incentives you can take advantage of in Greenwood.

Environmental Impact of Switching to Solar in Greenwood

Lots of people want to do what they can to help save the environment, which often is the chief reason for installing a solar system. A question many might be thinking about is how much can they really help preserve the environment by going solar anyway? Regardless of your location, you can help the environment by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Greenwood, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar energy is renewable and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the planet.