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

The Cost and Benefits of Solar in Princeton

For many readers, the decision of which solar company to hire depends on costs. Some key things that impact the cost and possible savings include:

• How much power your household consumes: Households that use a lot of power each month may call for more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.
• The type of solar panel system you have the money for: This depends on how much you're willing to invest upfront.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years not including incentives.
• Your energy bills: This will determine how much money you might save. In Princeton, the average homeowner can save about $970 a year on their electricity bills.

Solar is a valuable investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Princeton

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over the lifespan of your solar panels because of smaller energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other state and city incentives. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Princeton

Switching to solar energy can have a meaningful effect on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Princeton, though. In a city like Princeton where energy use is rather high, installing solar panels is a fantastic idea for those who are worried about the state of the planet. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.