15 Best Solar Companies in Salem, IL (Aug 2022 Review)

The Cost and Benefits of Solar in Salem

Although solar panels can save you money on electricity bills over time, it's necessary to consider the upfront costs. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The cost of electricity in your area: If your local utility rates are quite high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Salem, you can save an average of $83 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• How much power your household consumes: Households that use lots of energy each month may call for more solar panels and, consequently, more upfront cost, but will also benefit more over time.

So is buying solar panels worth it? Whether you hope to reduce your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Salem homeowners.

Solar Incentives in Salem

Adopting solar power has lots of considerable benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. There are a lot of federal, state and local rebates and tax credits that let you earn anywhere from 26% to 50% of your money back after paying for solar panels. The table below lists out the incentives you can benefit from in Salem.

Environmental Impact of Switching to Solar in Salem

There are lots of reasons to make the switch to solar power, like saving on utility bills and helping to reduce your carbon footprint. You may be wondering — how much does going solar help the environment anyway? Using solar energy for electricity in place of using nonrenewable energy is an effective way to lower carbon dioxide emissions if you want to help reduce Salem's large level of greenhouse gas emissions. In Salem, the average household can lower their carbon footprint by 100 pounds a year after going solar. Since solar power is plentiful and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.