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

The Cost and Benefits of Solar in Lincolnshire

The cost of putting up a solar panel system has dropped significantly in the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets plenty of sunlight.
• Your income and budget: This shapes what type of solar panels you can purchase.
• Electricity consumption: The average household in Lincolnshire uses a decent amount of, and so may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your solar system, too.

There are many good benefits of solar in spite of the initial cost of installation. It can help the environment and your wallet. Plus, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Lincolnshire

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local incentives. For detailed information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Lincolnshire

One of the reasons so many homeowners consider going solar is to help reduce their environmental impact. You may be trying to figure out — how much does making the switch do for the environment anyway? The amount of energy you use is a key factor to consider. The more energy your household consumes, the greater your impact when you go solar. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the main ones is that you can help save the environment too.