12 Best Solar Companies in Milton, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Milton

When picking a solar company, most homeowners or business owners worry about the costs above all. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on energy bills than a roof that gets plenty of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• How much you spend on energy: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Milton, you can save an average of $77 a month on your electricity bills.
• The type of solar panels you want: Some are more expensive, so that will affect your budget for your solar project.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, like the angle of your roof and your current power bills.

Solar Incentives in Milton

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over time due to lower utility bills and government incentives. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Milton

There are lots of reasons to make the switch to solar power, like saving some money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Milton, though. The more energy your family uses, the better off the planet will be when you switch to solar since you won't need to rely on traditional energy sources as much. In Milton, the average person can reduce their carbon footprint by 90 pounds a year after going solar. As you can see, going solar has so many other perks apart from saving money. One of the most important ones is that you can help save the planet too.