11 Best Solar Companies in Maryville, IL (Aug 2022 Review)

The Cost and Benefits of Solar in Maryville

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. Some key things that impact how much it will cost and how much you could save include:

• Incentives: Tax-paying citizens who install a solar system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $12,000 on your utility bills over 20 years excluding incentives.
• How much you spend on energy: The average family in Maryville pays around $790 a year on energy use alone, so you could gain that much in savings.
• How much electricity your home consumes: Homes that use a lot of energy each month may call for more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.
• The kind of solar panels you want: More high-tech panels cost more, so that will influence your budget for your solar project.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Maryville

One of the great things about installing a solar panel system is earning government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other local rebates and benefits. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Maryville

Installing solar panels is a compelling way to do your part for a more sustainable future. But how much can switching to solar actually help the environment? According to the EPA, electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help put a dent in that statistic in a city like Maryville that is responsible for a large amount of carbon dioxide emissions each year. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.