15 Best Solar Companies in West Deerfield, IL (Aug 2022 Review)

The Cost and Benefits of Solar in West Deerfield

The cost of installing a solar panel system has gone down immensely over the past several years, but it's still a large investment for most homeowners. Some important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time include:

• Your energy bills: This will determine how much money you might save. In West Deerfield, the average homeowner can save about $900 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This determines what model of solar panels you can get.
• Energy consumption: Solar may be too steep of an option for homes that don't need a good amount of energy each month.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in West Deerfield

Although a solar power system is typically a large investment, it can save you a lot of money over the lifespan of your solar panels because of lower power bills and government incentives. These incentives normally take the form of cash rebates, tax breaks and/or performance-based incentives. They can cut the cost of installing solar panels by 26 to 50% in some cases. The table below gives you an idea of the incentives you can benefit from in West Deerfield.

Environmental Impact of Switching to Solar in West Deerfield

One of the reasons so many people consider switching to solar power is to help reduce their environmental impact. But you may be wondering — how much exactly can you help by making the switch to solar? As stated by the EPA, electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help bring down that statistic in a city like West Deerfield that produces a sizable amount of carbon dioxide emissions each year. In fact, if you make the switch to solar power, you could look forward to lowering 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 good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.