18 Best Solar Companies in Prospect Heights, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Prospect Heights

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

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $13,000 over 20 years with your solar system, too.
• The amount of sunlight your roof gets: This, along with your roof configuration, affects affect how much energy your solar panels can make.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Electricity consumption: The average home in Prospect Heights uses a decent amount of, and so may save on their energy bills.

Solar is a worthwhile investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in Prospect Heights

Because solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives available to encourage its adoption. These incentives typically consist of cash rebates, tax credits and/or solar renewable energy credits. They can reduce how much you pay for installing solar panels by 30%, upwards of 50% depending on your location. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Prospect Heights

One of the reasons so many are thinking of installing solar panels is to help reduce their environmental impact. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The more power you use, the the more the environment will benefit when you switch to solar since you won't need to use as much nonrenewable energy. If you go solar, your carbon footprint can be cut by about 90 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.