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

The Cost and Benefits of Solar in Richwoods

We understand that for most homeowners, the choice to invest in solar comes down to installation costs. Some important things that impact the upfront cost and potential savings over time include:

• The model of solar panel system you can buy: This depends on how much you're willing to spend upfront.
• Average daily sunlight: Since Richwoods gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $12,000 on your electricity bills over 20 years without incentives.
• Typical energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more money you could save by making the switch to solar.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Richwoods

Switching to solar power has a lot of great benefits. Not only can it help preserve the Earth, but you can also save a decent amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Richwoods

One of the reasons so many consider installing solar panels is to help lower their environmental impact. Something many people might have in mind is how much can they really help preserve the environment by going solar anyway? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.