17 Best Solar Companies in Edwardsville, KS (Mar 2023 Review)

The Cost and Benefits of Solar in Edwardsville

While solar panels can save you money on utility bills over time, it's necessary to know the startup costs. A few key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• Your income and budget: This guides what type of solar panels you can purchase.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years excluding incentives.
• Average daily sunlight: Since Edwardsville gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your electricity bills will be.
• How much energy costs for you: The average household in Edwardsville pays around $1,600 a year on power alone, so you could end up with that much in savings.

There are several wonderful benefits of solar despite the upfront cost of installation. It can help the environment and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Edwardsville

Because solar power is more sustainable than burning fossil fuels, there are a number of government incentives in place to encourage people to make the switch. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for in Edwardsville.

Environmental Impact of Switching to Solar in Edwardsville

Lots of people want to do their part for the environment, which often is the main motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edwardsville, though. In a city like Edwardsville where energy use is particularly high, switching to solar energy is a great idea for households who care about the planet. In Edwardsville, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. As you can see, investing in solar has so many other perks beyond saving money. One of the primary ones is that you can help save the environment too.