13 Best Solar Companies in Winnebago, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Winnebago

The cost of putting up a solar panel system has decreased greatly over the past few years, but it's still a significant investment for most homeowners. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can lead to an average of $14,000 of savings over 20 years.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• The cost of electricity in your area: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Winnebago, you can save an average of $80 a month on your electricity bills.
• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much power your solar panels can make.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Winnebago

In an effort to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city rebates and benefits. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Winnebago

Installing solar panels is a great way to do what you can for a cleaner and more sustainable future. But how much can switching to solar actually help the environment? If your family uses lots of energy, you can help the environment even more by switching to solar energy. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, going solar has so many other perks beyond saving money. One of the main ones is that you can help save the planet too.