16 Best Solar Companies in Oak Brook, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Oak Brook

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to install your system. Some key factors that affect the cost of installing a solar panel system on your home and how much it could save you over time are:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $13,000 of savings over 20 years.
• The model of solar panels you can afford: This is dependent on how much you're willing to spend upfront.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Energy consumption: Solar may be too pricey an option for homes that don't use a lot of energy a month.

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 our article on solar incentives 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? A significant thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so adopting solar energy for your home can help offset that. 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. For people who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.