It’s important to understand that there isn’t a one-size-fits-all answer to estimating the cost of installing a solar system. Solar panel installation cost depends on multiple factors, including:
- Whether Illinois and your local utility company continues to provide tax credits, net metering or other incentives
- The size and other characteristics of your roof/acreage, how much energy you use and the type of solar panels used
- The cost of utility power in your area
There are many different tax incentives, subsidies and financing and billing solutions at the state and local levels that can make going solar more affordable. To see if you are eligible for renewable energy incentive programs, visit the Database of State Incentives for Renewables & Efficiency® (DSIRE®), website. Better yet, contact us direct at 618 964-1980 and talk to one of our team members or fill in the "See if solar is right for you webform" or email us at email@example.com.
You may also qualify for a U.S. federal residential renewable energy income tax credit. If you purchase your solar system, you are eligible for the solar ITC, which allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The full solar ITC is available to home solar owners through 2019. It drops to a 26 percent deduction in 2020 and 22 percent in 2021. After that, the residential ITC is due to expire unless Congress decides to extend it.
Once you get an estimate for the cost of your solar power system, you should subtract what you’ll save on your utility bill over time and the incentives offered by your utility company and state government. Then you’ll have a better understanding of how going solar will impact your finances. We will assist you in every step along the way!
Also, remember that the old adage, “You get what you pay for,” which diffidently applies to solar. Not all solar systems and installers are alike. The durability, reliability, and efficiency of solar panels can vary widely, a well as the competency of installers. Remember we became involved in solar because of competitor's improper installation and their poor customer service. Southern Lights uses the highest quality panels available based on your solar goals.
Ultimately, the easiest way to answer your “How much does solar cost” question is to give Southern Lights a call at 618 964-1980 or fill in and submit "See if solar is right for you webform". We’ll help you get an estimate for your home or business. When you call or submit our solar estimate form, ask about the technology we use, the monitoring software, our past installations and our maintenance plans. It’s important to ask questions! We will happily answer all of your questions to the best of our ability. Take the next step and see if solar is right for you.