Solar Power Systems & Installation Services in Edwardsville, IL
Residential, Commercial & Utility-Scale Solar Power and Energy Storage Services in Edwardsville, IL
Investing in solar energy is a great way to save money in the long run while using an energy source that’s better for the environment. At Solera Energy, we’re your local solar power experts. With over a decade of experience and more installations than any other company around, we have the tools and expertise required to ensure you reap the rewards of solar power systems.
From initial consultations to long-term support, Solera Energy will help you make the most of your investment.
How Investing in Solar Panels Saves Money for Edwardsville Homeowners
A major way investing in solar panels saves money is through federal tax credits. Solar energy systems installed before the end of 2032 are eligible for a federal tax credit worth up to 30% of the cost of your system. That’s 30% off the entire cost of your solar system, equipment, labor, and permitting. Federal solar tax credit requirements include:
- Your solar system was installed between 2017-2034
- The 30% tax credit will decrease to 26% in 2033, then to 22% in 2034, and expire in 2035 unless renewed by Congress.
- The solar system is located at a residence in the U.S.
- It does not have to be installed at your primary residence.
- The solar panel system is not leased
- You must own the solar system, or you purchased an interest in an off-site community solar project.
- The solar system is new or being used for the first time
- The federal tax credit can only be claimed for the original installation of a system.
Many states also offer their own incentives. Illinois homeowners have access to great incentives that improve the return on their investment, including:
- Illinois Shines Program
- This program provides a one-time payment for every MWh your solar system is expected to produce over 15 years. The average savings from this program is $7,000.
- Illinois Solar for All Program
- Requiring no up-front cost for lower-income solar customers, this program ensures you don’t have to pay more than half the monthly value you receive from your system.
- Smart inverter or distributed generation rebate
- This upfront rebate is worth $300/kW of solar or $300/kW of storage installed.
Do Solar Panels Work Well in Illinois?
On average, Illinois sees about 198 sunny days per year. Since solar panels work by converting sunlight into electricity, all those sunny days translate to you getting the most out of your investment.
In Illinois, the average cost of a solar system is about $19,080 for a 6kW system, not including the savings you’ll see from federal tax credits and other incentives. This average cost is $3.18 per watt, and the typical payback period is about five years. The price of solar systems has dropped by about 47% over the last ten years, and with all the state and federal incentives, now is a great time to invest in solar power for your Illinois home. On average, solar panels also last about 35 to 40 years, so you’ll definitely see a return on your investment throughout their lifespan.
Even if there’s a year with fewer sunny days, solar systems work so that any excess electricity can be fed back into the grid so that you have solar energy storage and backup power. You can also receive credits based on how much excess power your system generates.
Why Go With Solera Energy?
Investing in solar energy benefits both you and the environment. Solar power systems add value to your home or business, save you money over time, and provide energy in an eco-friendly way. If you’re considering switching to solar, turn to the solar experts at Solera Energy. We offer expert residential and commercial solar system services that can’t be beat.
When you need solar system services, turn to the most trusted solar panel company in the area. Contact Solera Energy to schedule installation services for solar power systems in Edwardsville.
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