13 Best Solar Companies in Mount Carmel, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Mount Carmel

When picking a solar company, most homeowners or business owners care about the costs the most. A few important factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• The model of solar panels you want: Higher-efficiency panels cost more, so that will affect your budget for your solar project.
• Energy consumption: Installing solar panels may be too steep of an option for families that don't need a lot of energy a month.
• 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. In addition, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Your household's power bills: Due to fairly high monthly electricity bills in Mount Carmel, you could save about $1,100 a year with solar.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Mount Carmel

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money back after buying a qualifying system. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Mount Carmel

Replacing nonrenewable energy with solar power is a compelling way to do what you can for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Mount Carmel, though. The more power you use, the better off the planet will be if you switch to solar as you won't need to use as much nonrenewable energy. In Mount Carmel, the average person can reduce their carbon footprint by 100 pounds a year after going solar. Since solar power is renewable and makes electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the environment.