17 Best Solar Companies in Hanover Park, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Hanover Park

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your panels. There are several factors you should take into consideration when trying to determine the overall cost and how much you can save, such as:

• The amount of sunlight your area gets: Because of Hanover Park'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 lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $13,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more costly 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.
• How much power your home consumes: Households that need plenty of energy each month may require more solar panels and, therefore, be more expensive, but will also enjoy more savings over time.

So is a solar system worth it? Whether you'd like to lower your energy bills, carbon dioxide emissions or both, solar panels are a good investment for many Hanover Park homeowners.

Solar Incentives in Hanover Park

If you're planning on switching to solar energy, various government incentives and state programs can dramatically lower the installation costs and expedite the return on your investment. Local solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. For detailed information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Hanover Park

One of the reasons so many people consider switching to solar power is to help reduce their environmental impact. But you may be curious — how much exactly can you help by going solar? How much energy you use is an important factor to think about. The more energy you use, the greater your impact when you go solar. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.