16 Best Solar Companies in Ottawa, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Ottawa

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. Some key things that determine how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. In addition, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This determines what model of solar panels you can get.
• How much you spend on energy: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Ottawa, you can save an average of $78 a month on your electricity bills.
• How much energy you use: If your household uses a lot of energy, you'll reap more rewards from installing solar panels.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Ottawa

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money in the long term due to lower energy bills and government incentives. When you install a solar panel system on your house, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can take advantage of to further save. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Ottawa

One of the reasons so many homeowners are considering switching to solar power is to help reduce their environmental impact. A question many homeowners might be wondering about is how much can they really help save the environment by going solar anyway? The more power your family uses, the the more the environment will benefit from you switching to solar as you won't need to rely on traditional energy sources as much. In Ottawa, the average resident can lower their carbon footprint by 100 pounds a year after going solar. The great things about solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.