14 Best Solar Companies in Maywood, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Maywood

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. Some important factors that determine how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more 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 opt for a higher number of more affordable panels.
• average energy usage: The more power your home uses on average and the steeper your current power bills are, the more money you could save by making the switch to solar.
• Average daily sunlight: Since Maywood gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Maywood

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. There are a lot of federal, state and local rebates and tax credits that may earn you some money in return after paying for a qualifying system. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in Maywood.

Environmental Impact of Switching to Solar in Maywood

One of the best reasons to adopt solar power is to decrease your dependence on traditional energy sources like burning fossil fuels, which are hazardous for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Maywood, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll no doubt understand that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.