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

The Cost and Benefits of Solar in Tolono

While solar panels can help save you money on utility bills over time, it's important to consider the startup costs. The overall price and potential savings vary depending on a few important factors such as:

• Average daily sunlight: Since Tolono gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $15,000 over the first 20 years with your system, too.
• Choice of solar panels: The kind of solar panels you are interested in getting 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your current power bills: Solar panels can noticeably lower, or entirely get rid of, your utility bills. In Tolono, you can save an average of $84 a month.

So is a solar panel system worth it? Whether you hope to reduce your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Tolono homeowners.

Solar Incentives in Tolono

If you're thinking about switching to solar energy, a variety of government incentives and solar rebates can drastically reduce the cost of the project and expedite the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local incentives. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Tolono

An important reason so many homeowners are considering adopting solar energy is to help bring down their environmental impact. But how much can switching to solar actually affect the environment? The more power your house uses, the the more the environment will benefit if you switch to solar since you won't need to burn as many fossil fuels. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. As you can see, investing in solar has so many other benefits beyond saving money. One of the main ones is that you can help save the planet too.