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

The Cost and Benefits of Solar in Wayne

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to install your system. A few key factors that influence the cost of installing solar panels on your home and how much it could save you over time include:

• Your energy bills: This will influence your savings. In Wayne, the average resident can save about $1,000 a year on their electricity bills.
• average energy usage: The more energy your home consumes on average and the steeper your current energy bills are, the more likely you'll benefit from making the switch to solar.
• 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 state or 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 $15,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

There are several great benefits of solar despite the upfront cost of installation. It can help the planet and your bank account. Plus, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Wayne

There are many reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further save. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Wayne

There are a few primary reasons why many people are interested in solar energy: to help their wallet and the environment. A question many might be thinking about is how much can they really help save the environment by switching to solar power anyway? Regardless of your location, you can help protect the planet by switching to solar energy, but homes that use lots of energy will have a bigger impact. If you go solar, your carbon footprint can be cut by about 90 pounds every year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.