14 Best Solar Companies in Long Lake, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Long Lake

The cost of installing a solar panel system has dropped immensely in the past several years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things 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's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $14,000 of savings over 20 years.
• Your current energy bills: Solar panels can noticeably reduce, or totally eliminate, your utility bills. In Long Lake, you can save an average of $75 a month.
• Electricity consumption: The average household in Long Lake uses a decent amount of, and as a result may save on their energy bills.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

Solar is a rewarding investment for most homeowners. You can make your own energy instead of paying for it from the grid and make use of solar incentives, all while helping preserve the environment.

Solar Incentives in Long Lake

If you're planning on switching to solar energy, various government incentives and subsidies can drastically reduce the cost of the project and expedite the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local rebates and benefits. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Long Lake

There are a few main reasons why homeowners want to invest in solar energy: for the good of their bank accounts and the planet. But you may be wondering — how much exactly can you help by making the switch to solar? The more power your household uses, the the more the environment will benefit when you switch to solar as you won't need to use as much nonrenewable energy. In Long Lake, the average household can lower their carbon footprint by 90 pounds a year once they go solar. If you want to do what you can for the environment, you'll likely recognize that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.