11 Best Solar Companies in Libertyville, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Libertyville

For lots of homeowners, the decision to invest in a solar energy system comes down to the cost. There are quite a few factors you should consider when determining the overall cost and how much you can save, such as:

• 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 lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $14,000 of savings over 20 years.
• The amount of sunlight your area gets: Due to Libertyville's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Your income and budget: This guides what model of solar panels you can purchase.
• How much energy you use: If your home needs to use a lot of energy, you'll see more savings from going solar.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and your current power bills.

Solar Incentives in Libertyville

There are many reasons why adopting solar power is beneficial. One of them includes some government incentives you can take advantage of. These incentives normally consist of cash rebates, tax credits and/or solar renewable energy credits. They can lower the cost you pay for installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives has more information on the incentives you can benefit from in Libertyville.

Environmental Impact of Switching to Solar in Libertyville

There are lots of reasons to make the switch to solar energy, like saving on utility bills and helping to lower your carbon footprint. You may be curious — how much do solar panels help the environment anyway? How much energy you use is a significant factor to keep in mind. The more energy your household consumes, the bigger your impact when you switch to solar energy. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have released if you still used traditional energy. In Libertyville, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar energy is plentiful and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the planet.