11 Best Solar Companies in Summit, IL (Nov 2022 Review)

The Cost and Benefits of Solar in Summit

While solar panels can save you a decent chunk of change on energy bills over time, it's important to know the startup costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• Average daily sunlight: Since Summit gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much you can save on your energy bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.
• Electricity consumption: The average household in Summit uses a decent amount of, and as a result may save on their energy bills.

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 a number of factors, like the angle of your roof and your energy consumption.

Solar Incentives in Summit

There are several reasons why going solar is a great investment. One of them includes some government incentives you can take advantage of. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Summit

One of the reasons so many consider adopting solar energy is to help lower their environmental impact. But how much can using solar energy instead of traditional energy actually help the environment? In a city like Summit where commute times can be very long, going solar can help help reduce the carbon footprint of driving a lot. In Summit, the average homeowner can lower their carbon footprint by 90 pounds a year once they go solar. If you want to do your part for the environment, you'll most likely get that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.