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

The Cost and Benefits of Solar in Skokie

When picking a solar company, most homeowners or business owners wonder about the costs the most. Some important things that determine the cost and possible savings include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 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 $13,000 over 20 years with your system, too.
• Whether or not your roof gets a lot of direct sunlight: This, plus the configuration of your roof, affects affect how much power your solar panels can produce.
• Your household's power bills: Due to high monthly electricity bills in Skokie, you could save about $900 a year with solar.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Skokie

To increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Skokie

Lots of people want to do their part to help protect the environment, which in many cases is the main reason they're interested in installing a solar system. You may be curious — how much do solar panels do for the environment anyway? A key thing to consider is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be greater, so switching to solar energy for your house can help offset that. In Skokie, the average household can lower their carbon footprint by 90 pounds a year after going solar. As you can see, going solar has so many other benefits besides saving money. One of the major ones is that you can help save the Earth too.