12 Best Solar Companies in Plano, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Plano

When choosing a solar company, most homeowners or business owners care about the costs the most. 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:

• The cost of energy for you: 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 Plano, you can save an average of $78 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on energy bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

There are several wonderful benefits of solar despite the upfront cost of installation. It can help the Earth and your wallet. In addition, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Plano

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Plano.

Environmental Impact of Switching to Solar in Plano

There are a few big reasons why many people are considering solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Plano, though. The more energy your family uses, the better off the planet will be if you switch to solar as you won't have to burn as many fossil fuels. Though solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used traditional energy. In Plano, you can reduce your carbon footprint by 100 pounds a year with solar panels. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.