12 Best Solar Companies in Mundelein, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Mundelein

For many homeowners, whether or not to invest in solar energy boils down to the cost. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can generate an average of $14,000 of savings over 20 years.
• The kind of solar panels you can afford: This depends on your income and budget.
• How much power your home consumes: Households that consume plenty of power each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• How much energy costs for you: The average household in Mundelein spends around $900 a year on electricity alone, so you could gain that much in savings.

As a result of 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 Mundelein

If you're planning on switching to solar power, various government incentives and subsidies can immensely bring down your project costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Mundelein

There are many reasons to trade traditional energy for solar power, like saving money on utility bills and helping to lower your carbon footprint. But how much can switching to solar actually affect the environment? If your family uses lots of energy, you can impact the environment even more by switching to solar power. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, going solar has so many other benefits beyond saving money. One of the most important ones is that you can help save the planet too.