17 Best Solar Companies in Mount Olive, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Mount Olive

For the majority of homeowners, the decision to invest in solar panels comes down to the cost. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Average daily sunlight: Since Mount Olive gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much you can save on your energy bills.
• The kind of solar panels you want to get: Some are more highly priced, so that will shape your budget for your solar project.
• Typical energy usage: The more energy your household uses on average and the larger your current energy bills are, the more money you could save by going solar.
• Incentives: Those who buy and install a solar energy 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 $15,000 on your utility bills over 20 years not including incentives.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Mount Olive

Adopting solar power has a lot of considerable benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can find out about the incentives you qualify for in Mount Olive.

Environmental Impact of Switching to Solar in Mount Olive

Going solar can have a beneficial impact on the environment. But how much can using solar energy instead of traditional energy actually affect the environment? In a city like Mount Olive where energy use is rather high, making the switch to solar power is a good idea for those who are eco-conscious. While making solar panels emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used traditional energy. In Mount Olive, you can reduce your carbon footprint by 100 pounds a year with solar panels. The great things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.