18 Best Solar Companies in Montgomery, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Montgomery

For lots of homeowners, whether or not you should invest in solar panels depends the most on the cost. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy costs for you: The typical family in Montgomery pays around $900 a year on electricity alone, so you could be looking at that much in savings.
• Average daily sunlight: Since Montgomery gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your electricity bills over 20 years without incentives.
• Your income and budget: This shapes what model of solar panels you can get.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Montgomery

One of the benefits of installing a solar panel system is earning government incentives. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can cut how much you end up spending on going solar by 30%, upwards of 50% depending on your location. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Montgomery

There are lots of reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to reduce your carbon footprint. But — how much exactly can you help the planet by using solar power? If your home uses a lot of energy, you can have an even greater impact on the planet by switching to solar power. After you go solar, your carbon emissions can be lowered by about 90 pounds every year. Since solar energy is plentiful and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.