12 Best Solar Companies in Streator, IL (2023 Reviews)

The Cost and Benefits of Solar in Streator

While solar panels can help save you a decent chunk of change on power bills over time, it's important to take into consideration the startup costs. Some main factors that dictate the cost of installing solar panels on your home and how much it could save you over time include:

• The type of solar panels you're thinking of getting: More efficient models have higher prices, so that will determine your budget for your solar project.
• Your current electric bills: Solar panels can dramatically decrease, or totally eliminate, your utility bills. In Streator, you can save an average of $75 a month.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. In addition, you can save about $13,000 over 20 years on your utility bills, without incentives.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.

Because of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Streator

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other local incentives. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Streator

There are tons of reasons to make the switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. A question many might be asking themselves is how much can they really help save the environment by switching to solar power anyway? The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other benefits beyond saving money. One of the main ones is that you can help save the environment too.