16 Best Solar Companies in Park Ridge, IL (Dec 2022 Review)

The Cost and Benefits of Solar in Park Ridge

The cost of putting up solar panels has decreased greatly over the past several years, but it's still a large 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:

• Electricity consumption: The average household in Park Ridge uses a decent amount of, and so may save on their energy bills.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their solar installation 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 without incentives.
• The model of solar panels you can purchase: This is dependent on how much you're willing to invest upfront.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on power bills than a roof that gets a lot of sunlight.

So is a solar panel system worth it? Whether you hope to lower your electric bills, carbon emissions or both, solar panels are a good investment for many Park Ridge homeowners.

Solar Incentives in Park Ridge

In order 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 financially viable and accessible. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some regional incentives that you can take advantage of to further save. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Park Ridge

There are tons of reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Park Ridge, though. An important thing to consider is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be greater, so switching to solar energy for your home can help offset that. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. Since solar power is plentiful and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help protect the planet.