11 Best Solar Companies in Wood River, IL (Feb 2023 Review)

The Cost and Benefits of Solar in Wood River

When choosing a solar company, most homeowners or business owners worry about the costs above all. Some key things that determine the cost and possible savings include:

• The amount of sunlight your rooftop gets: Due to Wood River's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• 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 $14,000 over 20 years with your system, too.
• Your current power bills: Solar panels can noticeably decrease, or completely eradicate, your utility bills. In Wood River, you can save an average of $74 a month.
• Choice of solar panels: The kind of solar panels you want 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 opt for a higher number of more affordable panels.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Wood River

Although a solar power system is typically a big investment, it can save you a considerable amount of money over time due to lower energy bills and government incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level programs, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Wood River

Switching to solar energy can have a positive impact on the environment. You may be trying to figure out — how much does going solar help the environment anyway? The more energy your household uses, the the more the environment will benefit when you switch to solar since you won't have to use as much nonrenewable energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the main ones is that you can help save the environment too.