14 Best Solar Companies in East Chicago, IN (Jun 2022 Review)

The Cost and Benefits of Solar in East Chicago

When deciding on a solar company, most homeowners or business owners worry about the costs above all. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy your household consumes: Households that consume a lot of electricity each month may need more solar panels and, therefore, be more costly, but will also benefit more over time.
• The amount of sunlight your roof gets: This, along with your roof configuration, affects affect how much energy your solar panels can generate.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $20,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in East Chicago

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. These incentives usually consist of cash rebates, tax credits and/or solar renewable energy credits. They can reduce the cost you pay for going solar by 26 to 50% in some cases. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in East Chicago

Installing solar panels can have a positive impact on the environment. But — how much exactly can you help by going solar? Everyone can help the planet by switching to solar energy, but homes that use a lot of energy will have a greater impact. Although solar panel production emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used traditional energy. In East Chicago, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar energy is renewable and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the environment.