11 Best Solar Companies in Moline, IL (2023 Reviews)

The Cost and Benefits of Solar in Moline

The cost of installing solar panels has gone down significantly over the past several years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• The cost of energy for you: If your local power rates are high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Moline, you can save an average of $66 a month on your electricity bills.
• Your income and budget: This guides what type of solar panels you can afford.
• Typical energy usage: The more electricity your household consumes on average and the larger your current electricity bills are, the more money you could save by switching to solar.
• 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 benefit from. Additionally, you can save about $12,000 over 20 years on your utility bills, without incentives.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the size of your house and your local electricity rates.

Solar Incentives in Moline

There are many good reasons why you should switch to solar. One of them includes some government incentives that can help save you some money. These incentives normally consist of cash rebates, tax credits and/or solar renewable energy credits. They can reduce the cost you pay for going solar by 30%, upwards of 50% depending on your location. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Moline

An important reason so many people are considering adopting solar energy is to help bring down their environmental impact. But how much can switching to solar actually affect the environment? Switching to solar energy for electricity instead of relying on nonrenewable energy sources is a good way to lower carbon dioxide emissions if you're worried about Moline's large level of greenhouse gas emissions. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.