18 Best Solar Companies in Sycamore, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Sycamore

The cost of installing a solar panel system has decreased significantly in the past several years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your power bills: This will dictate how much money you might save. In Sycamore, the average resident can save about $900 a year on their electricity bills.
• Energy consumption: Solar may be a high-cost investment for families that don't use a lot of energy each month.
• Your income and budget: This guides what kind of solar panels you can purchase.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Additionally, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the planet and your finances. Plus, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Sycamore

One of the good things about installing a solar panel system is receiving government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Sycamore

Many want to do what they can to help protect the environment, which in many cases is the primary reason they're interested in installing a solar system. But you may be curious — how much exactly can you help the planet by using solar power? The more energy your house uses, the the more the environment will benefit when you switch to solar since you won't have to use as much nonrenewable energy. In Sycamore, the average homeowner can lower their carbon footprint by 90 pounds a year once they go solar. If you care about the environment, you'll most likely recognize that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.