14 Best Solar Companies in Vernon, IL (Sep 2022 Review)

The Cost and Benefits of Solar in Vernon

We get that for lots of homeowners, the decision to invest in solar rests on installation costs. There are several factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• Your household's power bills: Based on the high monthly power bills in Vernon, you could save about $900 a year with solar.
• Energy consumption: Installing solar panels may be too pricey an investment for homes that don't need too much energy each month.
• The kind of solar panels you can afford: This is dependent on your income and budget.

Due to solar panels decreasing in cost as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Vernon

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers 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 save. In the table below, you can read about the incentives you qualify for in Vernon.

Environmental Impact of Switching to Solar in Vernon

There are a few key reasons why many people are considering solar energy: for the financial and environmental benefits. You may be curious — how much does going solar help the planet anyway? Regardless of your location, you can help the environment by switching to solar energy, but homes that consume lots of energy will have an even greater impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.