17 Best Solar Companies in Sugar Creek, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Sugar Creek

The cost of putting up solar panels has gone down immensely in the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• How much sunlight your roof gets: This, along with how your roof is set up, affects affect how much power your solar panels can produce.
• How much energy costs for you: The average household in Sugar Creek spends around $1,000 a year on home energy use alone, so you could be looking at that much in savings.
• The kind of solar panel system you can buy: This hinges on how much you're willing to invest upfront.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently 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 $16,000 over 20 years with your solar system, too.

There are lots of good benefits of solar despite the upfront cost of installation. It can help the planet and your bank account. Plus, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

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 the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Sugar Creek

One of the most compelling reasons to embrace solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But how much can using solar energy instead of traditional energy actually affect the environment? The more energy you use, the the more the environment will benefit if you switch to solar as you won't need to burn as many fossil fuels. While solar panel production releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used traditional energy. In Sugar Creek, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other benefits apart from saving money. One of the main ones is that you can help save the planet too.