18 Best Solar Companies in Springfield, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Springfield

We get that for many homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The type of solar panels you want to get: More efficient models are more expensive, so that will affect your budget for your solar project.
• Energy consumption: Installing solar panels may be a high-cost option for homes that don't need a lot of energy a month.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. In addition, you can save about $16,000 over 20 years on your utility bills, not including incentives.
• The amount of sunlight your roof gets: This, and how your roof is set up, affects affect how much electricity your solar panels can produce.

Thanks to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Springfield

Because solar power is better for the environment than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. Our article on solar incentives has more information on the incentives you can take advantage of in Springfield.

Environmental Impact of Switching to Solar in Springfield

There are a few primary reasons why many people are interested in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Springfield, though. The amount of energy you use is an important factor to consider. The more electricity your household consumes, the greater your impact when you go solar. In Springfield, the average household can reduce their carbon footprint by 100 pounds a year once they go solar. Since solar energy is plentiful and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the environment.