Is it Worth it to Get Solar in Illinois?
In order to answer this question, let’s look at the main issues in the prism of our interest. According to weather records, Illinois has 198 days of sunshine. With this question regarding 198 sunny days and their effectiveness for normal solar panel (SP) operation, we turned to our expert Alice Bailey. According to her authoritative opinion, this number of days is sufficient for SP operation. Panels tend to store energy. Yes, at night and on cloudy days the process of accumulation of solar energy slows down, but you can safely use the energy that had time to accumulate for the rest of the sunny days.
Another important consideration regarding the decision to install the equipment is its popularity in the state. According to the latest data, 59,140 solar panels have been installed in the state. It is already planned to increase the use of alternative energy by more than 25% by 2025. If we consider the prospect of solar energy development in the next five years of the state program, it is planned to increase the installation of SP by 1700%.
Finally, at the legislative level, the state provides a number of incentives for installing SP. Such programs can save on the cost of installing solar panels.
Thus the utilization of solar energy in Illinois is a promising trend in the field of alternative energy sources. In today’s world we are facing the problem of environmental pollution and using SP is a great way to make our planet cleaner.
How Much does Solar Panels Cost in Illinois?
According to the beginning of 2024, installing solar panels will cost you between $13,000 and $17,000. Given the fact that the state has programs in place to reduce the price of solar panels, it will be even cheaper. These figures are generalized. In each case you need to consult with a specialist. The final price depends on a number of factors:
- the quality of the equipment;
- the amount of work to be done;
- the complexity and peculiarities of the installation.
Solar Panels in Illinois: Return on Investment and Long Term Savings
Many potential SP buyers are put off by their high cost. Another number of buyers cite unattractive appearance. Finally, some are intimidated by the expensive maintenance of the panels themselves. We will dispel these myths. Yes, as far as appearance is concerned, it is purely a matter of taste. But the investment in installation is what it was and will be.
First, the state has developed a number of initiatives to reduce the price of installation. Secondly, the SP will start to pay for themselves in 7-10 years. You will see your energy costs go down. So the costs will be fully justified and you will be in the plus side.
Finally, we have another valid argument. You can turn your SP into an additional source of income. By storing surplus energy you can sell it. This is legally allowed.
Thus, there are a number of advantages to installing SP: it can be both a source of additional income and a way to save on electricity. And one more pleasant bonus – in case of selling the house, its value automatically increases due to the presence of solar panels.
Solar Panels in Illinois: Tax Incentives
To assist in the purchase and installation of solar panels, the state provides a number of programs:
- The Illinois Shines Program offers Renewable Energy Credits (RECs) to solar system owners, providing financial incentives based on the amount of clean energy produced.
- Adjustable Block Program (ABP) offers upfront incentives for solar installations, making it easier for residents to go solar.
- The Federal Investment Tax Credit (ITC) allows eligible taxpayers to deduct a portion of solar system costs from federal taxes.
If you are encouraged to make our planet cleaner and start saving on electricity, follow a few simple steps.
- Leave an application form on our website (providing your name and contact phone number).
- Get competitive offers. Choose the best option for you.
- Complete the transaction.
- Start saving the planet!
