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

The Cost and Benefits of Solar in Niles

For many people considering switching to solar, the decision of which solar installer to choose comes down to costs. There are a few factors you should take into consideration when determining how much it will cost and how much you can save, such as:

• The model of solar panels you're thinking of getting: Higher-efficiency panels are more expensive, so that will shape your budget for your solar project.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.
• Your power bills: This will dictate how much money you might save. In Niles, the average resident can save about $900 a year on their electricity bills.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Niles

One of the benefits of installing a solar panel system is earning government incentives. These incentives mostly consist of cash rebates, tax breaks and/or performance-based incentives. They can cut how much you end up spending on installing solar panels by 30%, upwards of 50% depending on your location. Our article on solar incentives goes over more information on the incentives you can take advantage of in Niles.

Environmental Impact of Switching to Solar in Niles

Switching to solar energy can have a beneficial effect on the environment. But how much can installing solar panels actually help the environment? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Niles, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since energy from the sun is renewable and produces electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the environment.