18 Best Solar Companies in Olio, IL (2023 Reviews)

The Cost and Benefits of Solar in Olio

The cost of installing a solar panel system has dropped immensely in the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• How much sunlight your roof gets: This, along with the configuration of your roof, affects affect how much electricity your solar panels can generate.
• Typical energy usage: The more electricity your household uses on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Those who install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years not including incentives.

There are several good benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. Plus, it can increase the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Olio

Adopting solar power has plenty of great benefits. Not only can it help preserve the planet, but you can also save a good amount of money on your installation with various government incentives. There are several federal, state and local rebates and tax credits that may earn you some money in return after installing a qualifying system. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Olio

Switching to solar energy can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Olio, though. For people who want to do their part for the planet, using solar power is a no-brainer, especially since Olio produces a very high amount of carbon dioxide emissions from its energy generation. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.