14 Best Solar Companies in Palos, IL (2023 Reviews)

The Cost and Benefits of Solar in Palos

When picking a solar company, most homeowners or business owners think about the costs above all. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: This, and how your roof is set up, affects affect how much electricity your solar panels can make.
• The model of solar panel system you can buy: This depends on how much you're willing to invest upfront.
• Your energy bills: This will impact how much you can save. In Palos, the average resident can save about $900 a year on their electricity bills.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and take advantage of solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in Palos

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economically viable and accessible. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Palos

Switching to solar energy can have a positive effect on the environment. But how much can installing solar panels actually help the environment? Everyone can help save the planet by switching to solar energy, but homes that consume more energy will have a bigger impact. When you go solar, your carbon emissions can be reduced by about 90 pounds a year. If you care about the environment, you'll most likely find that there are many benefits of adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.