16 Best Solar Companies in Sugar Grove, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Sugar Grove

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to set up your system. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The cost of electricity in your area: If your local utility rates are high, there's a better chance you'll see a higher return on your investment in a solar panel system. In Sugar Grove, you can save an average of $79 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• How much energy your household consumes: Homes that need plenty of energy each month may need more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Sugar Grove

If you're planning on making the switch to solar energy, various government incentives and tax credits can drastically lower the installation costs and speed up the return on your investment. There are quite a few federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money back after installing a solar panel system. For more information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Sugar Grove

One of the best reasons to use solar energy is to cut your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Sugar Grove, though. Regardless of your location, you can help protect the environment by switching to solar energy, but homes that use more energy will have a greater impact. In Sugar Grove, the average person can lower their carbon footprint by 90 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.