17 Best Solar Companies in Waukegan, IL (2023 Reviews)

The Cost and Benefits of Solar in Waukegan

The cost of installing solar panels has decreased significantly over the past few years, but it's still a large investment for most homeowners. Some important factors that influence the cost of installing solar panels on your home and how much money you could save over time are:

• Your energy bills: This will influence how much you can save. In Waukegan, the average resident can save about $900 a year on their electricity bills.
• The amount of sunlight your roof gets: This, and the configuration of your roof, affects affect how much power your solar panels can produce.
• The type and model of solar panels you want to get: More efficient panels cost more, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $14,000 over 20 years with your solar system, too.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the environment and your finances. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Waukegan

Although solar power is typically a large investment, it can save you much money over several years because of reduced power bills and government incentives. There are several federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money in return after installing solar panels. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Waukegan

Going solar can have a meaningful impact on the environment. But — how much exactly can you help the environment by using solar power? In a city like Waukegan where energy use is rather high, making the switch to solar power is a good plan for those who are worried about the state of the planet. Once you go solar, your carbon emissions can be cut by about 90 pounds a year. If you want to do what you can for the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.