17 Best Solar Companies in Rock Island, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Rock Island

The cost of installing a solar panel system has gone down immensely over the past several years, but it's still a large investment for most homeowners. There are quite a few factors you should consider when trying to determine costs and your potential savings, such as:

• Energy consumption: Solar may be an expensive investment for families that don't consume a good amount of energy a month.
• The kind of solar panels you're planning on getting: More efficient panels are more costly, so that will determine your budget for your solar project.
• Incentives: Those who install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $12,000 on your electricity bills over 20 years excluding incentives.
• How much you spend on energy: The typical household in Rock Island spends around $790 a year on home energy use alone, so you could gain that much in savings.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Rock Island

Switching to solar power has many wonderful 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. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Rock Island

A lot of people want to do their part for the planet, which in many cases is the prime motivation to install solar panels. But how much can switching to solar actually affect the environment? For people who are concerned about global warming, switching to solar power is a straightforward choice, especially since Rock Island produces a very high amount of carbon dioxide emissions from its energy generation. In Rock Island, the average household can reduce their carbon footprint by 90 pounds a year once they go solar. Since energy from the sun is plentiful and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help preserve the environment.