18 Best Solar Companies in Lake Bluff, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Lake Bluff

The cost of putting up solar panels has decreased greatly over the past few years, but it's still a significant investment for most homeowners. A few important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• Your home's power bills: Due to high monthly electric bills in Lake Bluff, you could save about $900 a year with solar.
• Incentives: One thing that can reduce the cost of your solar project 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 generate an average of $14,000 of savings over 20 years.
• How much power your household needs: If your household needs to use a lot of energy, you'll reap more rewards from switching to solar.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the angle of your roof and your current power bills.

Solar Incentives in Lake Bluff

Switching to solar power has plenty of wonderful benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. 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 Lake Bluff

There are many reasons to switch to solar power, like saving on utility bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lake Bluff, though. If your home consumes a lot of energy, you can help the environment even more by switching to solar energy. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used traditional energy. In Lake Bluff, you can reduce your carbon footprint by 90 pounds a year with solar panels. The advantages of solar power are plentiful — just like solar power is! That's why so many Lake Bluff residents have been happy with making the switch to solar.