13 Best Solar Companies in Reed, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Reed

Although solar panels can save you a good amount of money on power bills over time, it's important to consider the startup costs. Some key things that impact the cost and possible savings include:

• Your household's power bills: With high monthly power bills in Reed, you could save about $900 a year with solar.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can result in an average of $13,000 of savings over 20 years.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels are more highly priced, so that will determine your budget for your solar project.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.

Solar is a valuable investment for most homeowners. You can make your own energy instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping the environment.

Solar Incentives in Reed

Although installing solar panels is typically a large investment, it can save you much money over several years because of reduced power bills and government incentives. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money back after paying for a solar panel system. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Reed

A lot of people want to do their part for the planet, which for many is the primary reason for installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Reed, though. Regardless of your location, you can help protect the environment by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used traditional energy. In Reed, you can reduce your carbon footprint by 90 pounds a year with solar panels. The benefits of solar power are infinite — just like solar power is! That's why so many people have been happy with using solar energy.