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

The Cost and Benefits of Solar in Wonder Lake

For many readers, the decision of which solar installer to hire depends on costs. The cost and possible savings vary depending on a few important factors such as:

• The cost of electricity in your area: If your local power rates are high, there's a good chance you'll end up with a higher return on your investment in a solar system. In Wonder Lake, you can save an average of $75 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• Your energy consumption: If your household uses a lot of energy, you'll see more savings from installing solar panels.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Wonder Lake

If you're thinking about switching to solar energy, a variety of government incentives and tax credits can immensely lower the installation costs and expedite the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local rebates and benefits. Our article on solar incentives has more detailed information on the incentives you can find in Wonder Lake.

Environmental Impact of Switching to Solar in Wonder Lake

One of the reasons so many homeowners are considering adopting solar energy is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Wonder Lake, though. The more power your house uses, the the more the environment will benefit from you switching to solar since you won't need to rely on traditional energy sources as much. When you go solar, your carbon footprint can be reduced by about 90 pounds every year. If you want to do what you can for the environment, you'll most likely find that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.