18 Best Solar Companies in Milan, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Milan

The cost of putting up solar panels has dropped immensely over the past several years, but it's still a substantial investment for most homeowners. Some significant things that affect how much it will cost and how much you could save include:

• How much energy your household consumes: Homes that consume a lot of electricity each month may need more solar panels and, consequently, be more costly, but will also enjoy more savings over time.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on power bills than a roof that gets a lot of sunlight.
• The model of solar panel system you can afford: This hinges on how much you're willing to spend upfront.

There are several good benefits of solar in spite of the initial cost of installation. It can help the environment and your wallet. In addition, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Milan

Because solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives available to encourage its adoption. These incentives usually include cash rebates, tax benefits and/or performance-based incentives. They can cut how much you end up spending on going solar by 30%, upwards of 50% depending on where you live. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Milan

Going solar can have a positive effect on the environment. You may be curious — how much does making the switch do for the planet anyway? The more energy you use, the better off the planet will be when you switch to solar since you won't need to burn as many fossil fuels. If you go solar, your carbon dioxide emissions can be lowered by about 90 pounds a year. As you can see, investing in solar has so many other perks apart from saving money. One of the major ones is that you can help save the environment too.