16 Best Solar Companies in Savoy, IL (Oct 2022 Review)

The Cost and Benefits of Solar in Savoy

While solar panels can save you a good amount of money on utility bills over time, it's important to know the upfront costs. Some key things that influence how much it will cost and how much you could save include:

• The model of solar panel system you can buy: This is dependent on how much you're willing to invest upfront.
• average energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more benefits you'll see from making the switch to solar.
• The amount of sunlight your city gets: Because of Savoy's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $15,000 over 20 years with your solar system, too.

There are several good benefits of solar even with the upfront cost of installation. It can help the environment and your finances. In addition, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Savoy

One of the good things about installing a solar panel system is receiving incentives from the government. Regardless of what state you live in, 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 local incentives you can benefit from too. In our article on solar incentives, you can find out about the incentives you qualify for in Savoy.

Environmental Impact of Switching to Solar in Savoy

There are tons of reasons to switch to solar energy, like saving money on utility bills and helping to lower your carbon footprint. Something many homeowners might be asking themselves is how much can they really help the environment by going solar anyway? In a city like Savoy where energy use is rather high, going solar is a fantastic idea for homeowners who are eco-conscious. While solar panel production releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Savoy, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.