14 Best Solar Companies in Marengo, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Marengo

The cost of putting up solar panels has gone down immensely in the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Those who purchase and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your energy bills over 20 years without incentives.
• Your income and budget: This shapes what model of solar panels you can buy.
• Your energy bills: This will impact how much money you might save. In Marengo, the average homeowner can save about $900 a year on their electricity bills.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Marengo

Although solar power is typically a large investment, it can save you a substantial amount of money over many years because of lower power bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Marengo

Many want to do their part to help protect the environment, which often is the chief reason they're interested in installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Marengo, though. In a place like Marengo where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the planet too.