16 Best Solar Companies in Oak Brook, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Oak Brook

The cost of putting up a solar panel system has decreased significantly in the past several years, but it's still a substantial investment for most homeowners. The overall price and potential savings vary depending on some important factors such as:

• How much energy you use: If your home uses a lot of energy, you'll benefit more from going solar.
• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Those who install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $13,000 on your energy bills over 20 years without incentives.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Oak Brook

There are many reasons why going solar is a great investment. One of them consists of some government incentives you can take advantage of. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let 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. Additionally, there may be some state and city incentives you can benefit from too. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Oak Brook

One of the best reasons to embrace solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But how much can switching to solar actually affect the environment? No matter where you are, you can help protect the planet by switching to solar energy, but homes that consume lots of energy will have an even greater impact. Though solar panel production emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have released if you still used traditional energy. In Oak Brook, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, investing in solar has so many other benefits besides saving money. One of the most important ones is that you can help save the planet too.