16 Best Solar Companies in Marshall, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Marshall

We understand that for lots of homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• 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 use. In addition, you can save about $14,000 over 20 years on your utility bills, without incentives.
• Your current electric bills: Solar panels can dramatically lower, or totally eradicate, your utility bills. In Marshall, you can save an average of $79 a month.
• How much sunlight your roof gets: This, along with the configuration of your roof, affects affect how much energy your solar panels can produce.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.

There are lots of wonderful benefits of solar in spite of the initial cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Marshall

If you're thinking about switching to solar power, a number of government incentives and subsidies can greatly bring down the installation costs and speed up the return on your investment. Local solar incentive programs vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Marshall

An important reason so many people are thinking of adopting solar energy is to help lower their environmental impact. You may be asking yourself — how much does going solar do for the planet anyway? Regardless of your location, you can help the planet by switching to solar energy, but homes that use a lot of energy will have an even greater impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. 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 electricity. You can also help preserve the environment, which some would argue is invaluable.