14 Best Solar Companies in Woodstock, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Woodstock

The cost of installing solar panels has dropped immensely over the past few years, but it's still a significant investment for most homeowners. There are a few factors you should consider when determining the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can use. Additionally, you can save about $13,000 over 20 years on your utility bills, not including incentives.
• How much you spend on energy: If your local electricity rates are high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Woodstock, you can save an average of $75 a month on your electricity bills.
• Your energy consumption: If your home needs to use a lot of energy, you'll see more savings from installing solar panels.
• Choice of solar panels: The type 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 opt for a higher number of more affordable panels.

There are many great benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. In addition, it can boost the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Woodstock

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. These incentives usually include cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of going solar by 30%, upwards of 50% in some cases. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Woodstock

A lot of people want to do their part for the environment, which in many cases is the primary reason for installing a solar system. You may be asking yourself — how much does going solar do for the planet anyway? The more energy your house uses, the the more the environment will benefit if you switch to solar since you won't have to use as much nonrenewable energy. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar power is abundant and produces electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the environment.