14 Best Solar Companies in Long Lake, IL (Oct 2022 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:

• The amount of sunlight your area gets: Thanks to Long Lake's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. In addition, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• How much energy you use: If your home regularly uses a lot of energy, you'll benefit more from switching to solar.
• The type of solar panels you want to get: Higher-efficiency panels cost more, so that will determine your budget for your solar project.

So is a solar panel system worth it? Whether you want to lower your electric bills, greenhouse gas emissions or both, solar panels are a good investment for many Long Lake homeowners.

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.