15 Best Solar Companies in Wheaton, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Wheaton

For many people considering switching to solar, the decision of which solar company to go with depends on pricing. Some important factors that dictate the cost of installing solar panels on your home and how much money you could save over time include:

• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more benefits you'll see from switching to solar.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total 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 the first 20 years with your solar panels, too.
• Average daily sunlight: Since Wheaton gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, including the kind of solar panels you get and your current power bills.

Solar Incentives in Wheaton

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Wheaton, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Wheaton

Many want to do their part to help protect the environment, which for many is the chief motivation to install a solar system. 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 use lots of energy will have a greater impact. After you go solar, your carbon footprint can be lowered by about 90 pounds a year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.