14 Best Solar Companies in Groveland, IL (2023 Reviews)

The Cost and Benefits of Solar in Groveland

For many people considering switching to solar, the decision of which solar company to go with comes down to pricing. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Your energy bills: This will influence how much you can save. In Groveland, the average resident can save about $790 a year on their electricity bills.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your energy bills, which can result in an average of $12,000 of savings over 20 years.
• How much electricity your household consumes: Households that need a lot of energy each month may need more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• Whether or not your roof gets a lot of direct sunlight: This, plus how your roof is set up, affects affect how much electricity your solar panels can produce.

Solar is a worthwhile investment for most homeowners. You can produce your own power instead of paying for it from a utility company and benefit from solar incentives, all while helping preserve the Earth.

Solar Incentives in Groveland

If you're considering switching to solar power, a variety of government incentives and tax credits can dramatically bring down the cost of the project and speed up the return on your investment. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can benefit from to further save. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Groveland

If you're planning on adding solar panels to your home, one of the primary reasons why may be to reduce your carbon dioxide emissions. You may be trying to figure out — how much do solar panels help the environment anyway? Everyone can help protect the environment by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. As you can see, trading traditional energy for solar has so many other benefits beyond saving money. One of the main ones is that you can help save the planet too.