16 Best Solar Companies in Plato, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Plato

We understand that for many homeowners, the choice to invest in solar highly depends on installation costs. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your household's power bills: Based on the high monthly electricity bills in Plato, you could save about $960 a year with solar.
• Incentives: Something that can make your solar project cost less 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 money on your energy bills, which can lead to an average of $14,000 of savings over 20 years.
• Your income and budget: This shapes what type of solar panels you can purchase.
• Average daily sunlight: Since Plato gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much you can save on your energy bills.

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 the table below.

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? In a city like Plato where commute times can be very long, going solar can help offset some of your carbon dioxide emissions from being on the road a lot. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since energy from the sun is plentiful and makes electricity without a carbon footprint, installing solar panels is one easy step you can take to help preserve the environment.