12 Best Solar Companies in Long Grove, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Long Grove

The cost of installing solar panels has gone down greatly over the past several years, but it's still a large investment for most homeowners. Some significant things that impact the upfront cost and potential savings over time include:

• Your current electricity bills: Solar panels can dramatically decrease, or entirely eradicate, your utility bills. In Long Grove, you can save an average of $75 a month.
• average energy usage: The more electricity your home uses on average and the larger your current electricity bills are, the more benefits you'll see from going solar.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, without incentives.
• The model of solar panels you can afford: This hinges on how much you're willing to spend upfront.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your energy consumption.

Solar Incentives in Long Grove

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Long Grove

A lot of people want to do what they can to help the planet, which for many is the prime reason they're interested in installing a solar system. You may be asking yourself — how much do solar panels help the planet anyway? In a city like Long Grove where energy use is rather high, making the switch to solar power is a fantastic idea for households who care about the planet. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.