12 Best Solar Companies in Mundelein, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Mundelein

We get that for lots of homeowners, the choice to invest in solar comes down to installation costs. Some key things that determine how much it will cost and how much you could save include:

• The type of solar panels you're thinking of getting: More efficient panels are more expensive, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $14,000 over 20 years on your utility bills, without incentives.
• Your current energy bills: Solar panels can greatly reduce, or completely eliminate, your utility bills. In Mundelein, you can save an average of $75 a month.
• Electricity consumption: The average home in Mundelein uses a decent amount of, and consequently may save on their energy bills.

Though a solar panel system costs a good 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, including the angle of your roof and your energy consumption.

Solar Incentives in Mundelein

If you're considering switching to solar energy, a number of government incentives and tax credits can greatly lower the installation costs and expedite the return on your investment. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. Our article on solar incentives has more in-depth information on the incentives you can benefit from in Mundelein.

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. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Mundelein, though. 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. Since solar energy is abundant and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.