17 Best Solar Companies in Medina, IL (2023 Reviews)

The Cost and Benefits of Solar in Medina

The cost of installing solar panels has dropped immensely over the past several 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: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• How much you spend on energy: If your local utility rates are high, there's a good chance you'll see a higher return on your investment in a solar system. In Medina, you can save an average of $66 a month on your electricity bills.
• Average daily sunlight: Since Medina 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.

So are solar panels worth it? Whether you're trying to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Medina homeowners.

Solar Incentives in Medina

Although installing solar panels is typically a big investment, it can save you a significant amount of money over several years because of smaller power bills and government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Medina

One of the most compelling reasons to tap into solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. You may be wondering — how much does going solar do for the environment anyway? If your home uses a lot of energy, you can impact the environment even more by switching to solar energy. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.