Benefits of Solar Energy
Solar energy comes with multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using solar is a surefire way to lower your carbon footprint and home fossil fuel dependency.
- Lowered energy bills: You can avoid the expensive cost of grid-tied power by creating some electricity right where you use it. Plus, many states offer net metering which can allow you to sell your unused energy back to credit part of your bill.
- Better energy independence: Solar panel systems can keep your home powered through emergencies and blackouts. You can use your solar energy anytime with an optional battery backup system.
What Solar Incentives Are Available to Berwyn Homeowners?
Illinois homeowners who decide on solar could qualify for reimbursements, tax credits, special financing and rebates. Here are just a few of the local incentive offerings.
Incentive Type: Property Tax Incentive
Incentive Amount:
Varies
Incentive Type: Rebate Program
Website: comed.comIncentive Amount:
Appliances
Air Purifier: $50
Clothes Washer: $50
Dehumidifier: $50
Electric Clothes Dryer: $50
Freezer: $50
Refrigerator: $50
Room Air Conditioner: $25
Refrigerator/Freezer Recycling: Free pickup and $50, plus an additional $10 if recycling a room A/C at the same time
Heating & Cooling
Air Source Heat Pump: $400 - $600
Central A/C: $300 - $600
Ductless Mini-Split Heat Pump: $400
Geothermal Heat Pump: Up to $6,000/home
Furnace Blower Motor (ECM): $50 - $100
Miscellaneous
Advanced Power Strip: $10
Air Sealing: Up to $400/home
Attic Insulation: Up to $300/home
Duct Sealing: Up to $500/home
Lighting: In-store discounts, varies
Pool Pump: $275
Smart Thermostat: $100
Wall Insulation: Up to $400/home
Incentive Type: Solar Renewable Energy Credit Program
Website: icc.illinois.govIncentive Amount:
Negotiated with procurement administrators
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Berwyn
Choosing a company is the first step toward a well-oiled and cost-efficient solar system. Consider all of these factors in your contractor search.
Licensing and Training
In Illinois, the state Commerce Commission regulates distributed generation energy contractors, including solar contractors. Solar companies can also earn certifications from trade groups and standards organizations. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Berwyn
Your photovoltaic panels' style will impact how much energy you can generate. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will raise your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar contractor includes these additional features, so look for a company that sells them if it's important for you.
You can plan to spend about $18,800 on average for a five-kilowatt solar energy system in Berwyn. Use the table in this section to get an idea of how much Berwyn solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,198 |
Solar Polycrystalline | $935 |
Thin-Film | $546 |
Solar Battery | $767 |
Solar Home EV Charger | $2,876 |
Financing Solar Energy in Berwyn
There are various ways to pay for a solar energy system, and the right one will reduce your expenses. A few of the most common options include leases, power purchase agreements (PPAs), loans, and cash payments. We suggest making a cash payment or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, akin to an electric bill. We generally don’t recommend these two choices because you won't own the system and cannot use solar incentives. Look for companies that offer two or more payment plans to find the right fit for your pocket.
The table below lists the average payback periods for different capacities of solar systems in Berwyn.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer rebates, discounts, and dedicated financing plans that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.8 years |
2 kW | 5.5 years |
5 kW | 13.8 years |
10 kW | 27.6 years |
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Frequently Asked Questions About Solar in Berwyn
How much money could I save by going solar in Berwyn?
Is solar energy easily accessible in Berwyn?
Should I expect a property value increase after going solar?
Could I still use solar power if I live in a wooded, rainy, or dark area?
What's a Berwyn solar panel's average lifespan?
How long does it take to pay back a solar loan in Berwyn?
What are some "red flags" to watch for as I research companies?
- Aggressive sales pitch
- Dodging questions about cost, credentials and training, references and warranties
- Inflexible options
- Superficial, rushed site evaluation
- More mixed or negative reviews than positive ones
What's the difference between a PPA and traditional financing?
You might look into a PPA if you don’t want to be responsible for maintenance and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any solar financial incentives. Many solar experts don’t recommend PPAs. Our guide covers other financing options above.
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