13 Best Solar Companies in Norwood Park, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Norwood Park

For a lot of homeowners, the decision to invest in solar energy depends the most on the cost. The cost and possible savings vary depending on a few important factors such as:

• 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much energy you use: If your household needs to use a lot of energy, you'll reap more rewards from installing solar panels.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. In addition, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• Average daily sunlight: Since Norwood Park gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.

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 Norwood Park

Although installing solar panels is typically a large investment, it can save you much money over several years because of smaller utility bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Norwood Park

There are a few primary reasons why many people want to invest in solar energy: for the financial and environmental benefits. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Norwood Park, though. In a place like Norwood Park where commute times can be very long, using solar power can help offset some of your carbon dioxide emissions from being on the road a lot. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other rewards beyond saving money. One of the primary ones is that you can help save the planet too.