17 Best Solar Companies in Park Forest, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Park Forest

For many people, the decision of which solar company to go with comes down to prices. The cost and possible savings vary depending on a few important factors such as:

• Your income and budget: This determines what model of solar panels you can purchase.
• Incentives: Those who buy and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your electricity bills over 20 years not including incentives.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Your home's power bills: Due to high monthly energy bills in Park Forest, you could save about $900 a year with solar.

So are solar panels worth it? Whether you want to reduce your energy bills, carbon emissions or both, solar panels are a good investment for many Park Forest homeowners.

Solar Incentives in Park Forest

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money in the long term because of reduced power bills and government incentives. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can use to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Park Forest

There are a few important reasons why people are interested in solar energy: for the good of their bank accounts and the planet. You may be curious — how much does making the switch do for the environment anyway? If your home consumes a lot of energy, you can impact the environment even more by switching to solar power. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the main ones is that you can help save the Earth too.