14 Best Solar Companies in Oakwood, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Oakwood

When deciding on a solar company, most homeowners or business owners care about the costs above all. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Your home's orientation toward the sun: This, along with how your roof is set up, affects affect how much power your solar panels can make.
• Your current power bills: Solar panels can noticeably reduce, or totally eradicate, your utility bills. In Oakwood, you can save an average of $82 a month.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Additionally, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• Your income and budget: This shapes what type of solar panels you can get.

Solar is a valuable investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping the environment.

Solar Incentives in Oakwood

Although installing solar panels is typically a large investment, it can save you a significant amount of money over time due to lower utility bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local rebates and benefits. In our article on solar incentives, you can read about the incentives you qualify for in Oakwood.

Environmental Impact of Switching to Solar in Oakwood

Swapping traditional energy for solar is a compelling way to do your part for a greener future. You may be trying to figure out — how much do solar panels do for the planet anyway? The amount of energy you use is an important factor to consider. The more energy you use, the larger your impact when you make the switch to solar power. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.