16 Best Solar Companies in Oakbrook, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Oakbrook

For the majority of homeowners, whether or not you should invest in solar panels comes down to the cost. Some key factors that determine how much it will cost to install solar panels on your home and how much money you could save over time include:

• Choice of solar panels: The type of solar panels you get 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.
• The amount of sunlight your roof gets: This, and your roof configuration, affects affect how much electricity your solar panels can produce.
• Your current power bills: Solar panels can substantially decrease, or entirely eliminate, your utility bills. In Oakbrook, you can save an average of $121 a month.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your utility bills, which can lead to an average of $14,000 of savings over 20 years.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Oakbrook

There are many good reasons why you should switch to solar. One of them includes some government incentives you can take advantage of. State and city solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. Our article on solar incentives goes over more information on the incentives you can benefit from in Oakbrook.

Environmental Impact of Switching to Solar in Oakbrook

If you want to add solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. But — how much exactly can you help the environment by making the switch to solar? The amount of energy you use is an important factor to think about. The more power your household consumes, the greater your impact when you switch to solar energy. When you go solar, your carbon emissions can be lowered by about 80 pounds a year. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.