15 Best Solar Companies in Owen, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Owen

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

• Your current electricity bills: Solar panels can substantially lower, or completely eliminate, your utility bills. In Owen, you can save an average of $86 a month.
• Whether or not your roof gets a lot of direct sunlight: This, and the configuration of your roof, affects affect how much electricity your solar panels can make.
• The type and model of solar panels you're planning on getting: Some have higher prices, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Additionally, you can save about $15,000 over 20 years on your utility bills, without incentives.

Solar is a valuable investment for most homeowners. You can make your own power instead of paying for it from the grid and benefit from solar incentives, all while helping preserve the planet.

Solar Incentives in Owen

One of the benefits of installing a solar panel system is earning government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other state and city rebates and benefits. Our article on solar incentives has more information on the incentives you can benefit from in Owen.

Environmental Impact of Switching to Solar in Owen

There are many reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually affect the environment? The more energy your household 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 fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll likely recognize that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.