Benefits of Solar Energy
Solar energy provides multiple advantages. Here are some highlights.
- Better energy independence: Adding a battery storage system lets you have dependable energy during grid outages and storms.
- Reduced carbon footprint: Solar is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on "traditional" sources.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, decreasing your periodic electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Plainfield Homeowners?
The state of Illinois offers multiple solar incentives to help offset your solar system costs. Here is a breakdown of eligible solar programs where you live.
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 Plainfield
Choosing a company is the first step toward an effective and cost-efficient solar energy system. Make your choice based on the following key factors.
Licensing and Training
In Illinois, the state Commerce Commission licenses distributed generation energy contractors, including solar installers. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Plainfield
The kind of solar panels you choose dictates how much power you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can improve your solar system's performance. Not every solar contractor provides these additional features, so look for a company that sells them if it's important for you.
A majority of Plainfield homeowners opt for solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $18,800 to set up, considering both parts and installation. You can see more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,248 |
Solar Polycrystalline | $974 |
Thin-Film | $569 |
Solar Battery | $799 |
Solar Home EV Charger | $2,996 |
Financing Solar Energy in Plainfield
Choosing the best financing option will influence your overall solar system cost and possible savings. Common payment options include cash payments, loans, power purchase agreements, and leases. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a home or auto loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to use your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each provider you're considering about the payment options it offers. A staff member can help you determine the most suitable option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Plainfield.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even 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 Plainfield
How much money could I save by going solar in Plainfield?
How popular is solar energy in Plainfield?
Should I expect a boost in my property value after installing solar panels?
What upkeep do my solar panels need, and how frequently do they need it?
What's the average solar system size in Plainfield?
How long does it take to pay back a solar loan in Plainfield?
How does "net metering" work, and do I need to participate?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
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