11 Best Solar Companies in Round Lake Beach, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Round Lake Beach

The cost of installing solar panels has gone down immensely over the past several years, but it's still a significant investment for most homeowners. There are several factors you should consider when trying to figure out how much it will cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. In addition, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• The cost of energy for you: If your local energy rates are high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Round Lake Beach, you can save an average of $75 a month on your electricity bills.
• How much electricity your home consumes: Homes that need lots of electricity each month may require more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.
• The type of solar panel system you can purchase: This depends on your income and budget.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the size of your house and your energy consumption.

Solar Incentives in Round Lake Beach

If you're considering making the switch to solar power, various government incentives and tax credits can dramatically bring down the installation costs and speed up the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city incentives. For comprehensive information about incentives for homeowners in Round Lake Beach, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Round Lake Beach

One of the most compelling reasons to adopt solar energy is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Round Lake Beach, though. In a city like Round Lake Beach where energy use is rather high, switching to solar energy is a fantastic plan for people who want to do their part for the environment. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other rewards besides saving money. One of the main ones is that you can help save the environment too.