12 Best Solar Companies in New Lenox, IL (Mar 2023 Review)

The Cost and Benefits of Solar in New Lenox

The cost of putting up a solar panel system has dropped immensely in the past few years, but it's still a substantial investment for most homeowners. 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:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• How much energy costs for you: If your local energy rates are high, there's a good chance you'll get a higher return on your investment in a solar system. In New Lenox, you can save an average of $75 a month on your electricity bills.
• Electricity consumption: The average household in New Lenox uses a decent amount of, and consequently may save on their energy bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $13,000 over 20 years on your energy bills.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, including the size of your house and your current power bills.

Solar Incentives in New Lenox

If you're thinking about making the switch to solar energy, a number of government incentives and solar rebates can greatly bring down the cost of the project and speed up the return on your investment. These incentives normally take the form of cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost of installing solar panels by 30%, upwards of 50% depending on your location. In our article on solar incentives, you can see the incentives you qualify for in New Lenox.

Environmental Impact of Switching to Solar in New Lenox

Lots of people want to do their part for the planet, which in many cases is the main reason for installing a solar system. But you may be wondering — how much exactly can you help the environment by making the switch to solar? If your family consumes a lot of energy, you can help the environment even more by switching to solar energy. In New Lenox, the average homeowner can lower their carbon footprint by 90 pounds a year after going solar. If you want to do what you can for the environment, you'll likely find that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.