16 Best Solar Companies in Plato, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Plato

For a lot of homeowners, whether or not to invest in a solar energy system comes down to the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• Average daily sunlight: Since Plato gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can give you an average of $14,000 of savings over 20 years.
• Your household's power bills: Because of high monthly power bills in Plato, you could save about $960 a year with solar.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.

Due to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Plato

If you're considering switching to solar power, a number of government incentives and solar rebates can dramatically reduce your project costs and speed up the return on your investment. In addition to the federal solar investment tax credit, there are also some state- and city-level incentives, which in almost all cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Plato

There are a few primary reasons why people are considering solar energy: for the good of their bank accounts and the planet. But you may be wondering — how much exactly can you help by making the switch to solar? If your household uses lots of energy, you can help the environment even more by switching to solar energy. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since solar energy is renewable and makes electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the environment.