17 Best Solar Companies in North Chicago, IL (Mar 2023 Review)

The Cost and Benefits of Solar in North Chicago

The cost of putting up solar panels has dropped immensely in the past several years, but it's still a large investment for most homeowners. Some important factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time include:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• Average daily sunlight: Since North Chicago gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.
• average energy usage: The more electricity your household uses on average and the greater your current electricity bills are, the more money you could save by going solar.

So is installing solar panels worth it? Whether you're trying to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many North Chicago homeowners.

Solar Incentives in North Chicago

If you're considering switching to solar energy, a variety of government incentives and solar rebates can immensely lower the cost of the project and expedite the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. Our article on solar incentives has more in-depth information on the incentives you can benefit from in North Chicago.

Environmental Impact of Switching to Solar in North Chicago

One reason so many people are considering going solar is to help reduce their environmental impact. But how much can using solar energy instead of traditional energy actually help the environment? Your energy usage is a significant factor to consider. The more power your home uses, the larger your impact when you make the switch to solar power. After you go solar, your carbon dioxide emissions can be lowered by about 90 pounds a year. The benefits of solar power are infinite — just like solar power is! That's why so many North Chicago residents have been happy with committing to solar.