17 Best Solar Companies in Sugar Creek, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Sugar Creek

The cost of installing solar panels has decreased greatly in the past few years, but it's still a significant investment for most homeowners. There are a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your home's power bills: With fairly high monthly electric bills in Sugar Creek, you could save about $1,000 a year with solar.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently allows you to 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 use. In addition, you can save about $16,000 over 20 years on your utility bills, before factoring in incentives.

So are solar panels worth it? Whether you'd like to decrease your energy bills, carbon emissions or both, solar panels are a worthwhile investment for many Sugar Creek homeowners.

Solar Incentives in Sugar Creek

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Sugar Creek

Installing solar panels can have a positive effect on the environment. You may be curious — how much does making the switch do for the environment anyway? If your family uses lots of energy, you can impact the environment even more by switching to solar energy. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.