14 Best Solar Companies in Loves Park, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Loves Park

When deciding on a solar company, most homeowners or business owners think about the costs the most. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Average daily sunlight: Since Loves Park gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• How much energy costs for you: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Loves Park, you can save an average of $80 a month on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, without incentives.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the size of your house and your local electricity rates.

Solar Incentives in Loves Park

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. In addition to the federal tax credit incentive, there are also some local incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Loves Park

If you want to add solar panels to your home, one of the principal reasons why may be to lower your carbon footprint. A question many homeowners might have in mind is how much can they really help save the environment by going solar anyway? Your energy usage is an important factor to keep in mind. The more energy you use, the greater your impact when you switch to solar energy. In Loves Park, the average person can lower their carbon footprint by 90 pounds a year after going solar. The great things about solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.