How Can Solar Panels Help Lower My Electrical Bill?

How Can Solar Panels Help Lower My Electrical Bill?

Looking for an effective way to reduce your carbon footprint while also saving money each month on your Springfield home’s electric bill? Install solar panels!

Solar panels are increasing in popularity in Illinois and all throughout the country. In 2020, 3.7 percent of U.S. single-family homes generated electricity from solar systems, according to the U.S. Energy Information Administration (EIA).

At MB Heating & Cooling, we understand all the benefits that solar energy has to offer, which is why we provide solar panel installation services. Our goal is to ensure you remain comfortable at home without paying the hefty price of one high electric bill after another.

But how exactly will installing solar panels help save you money? Our experts are here to explain how solar energy can cut down your expenses, and we can guide you through the entire installation process.

How Solar Panels Save You Money

Solar panels offer you an opportunity to save a significant amount on your electric bill. Here is how installing solar panels can help you do so:

Solar panels can generate electricity from the sun’s energy, which means you will rely less on your local utility company for electricity. This can easily translate to substantial savings over time.

Since solar panels convert sunlight into electricity, you will have a cleaner and more renewable source of power. You will no longer solely rely on grid electricity, which means you also won’t be forced to put up with any increasing electricity rates.

Any unused electricity generated by your solar panels can be sent back to the grid, and you will receive credits on your electric bill. So when your panels produce more energy than your household consumes, these credits will ultimately help offset future energy usage. This will be particularly beneficial on the days when your panels may not be producing as much energy, such as during cloudy days or nighttime when the sun is down. 

Benefits of Solar Energy

By installing solar panels, you can enjoy:

  • Taking control over your home’s energy production
  • Decreasing your dependence on the electrical grid
  • Harnessing the power of a sustainable resource and supporting a healthier environment
  • Lowering your electric bills and saving a significant amount of money!

Solar Panel Installation Process

Installing solar panels is as simple as reaching out to our team of experts.

First, we will analyze your home’s energy efficiency, pinpointing areas where improvements can be made to optimize energy consumption. To ensure we strategically position your solar panels and maximize energy capture, we will study your home, sun exposure, shading, and other factors that can directly impact the efficiency of your panels.

We will carefully estimate your solar electricity needs by considering your household’s energy consumption patterns. That way, we will be able to tailor your solar panel system to generate the exact amount of electricity needed to power your home.

Our team is committed to installing your solar panels safely and efficiently so that they are positioned optimally and set up to maximize your energy generation and savings. Solar power is not only an investment in your own financial well-being but also a crucial step towards a greener, more sustainable future.

Tax Credits and Incentives

Right now, you can offset some of the cost of your solar panels with the help of federal tax credits and rebates under the Inflation Reduction Act of 2022 (IRA).

The 25D Residential Clean Energy Tax Credit provides an uncapped 30 percent federal tax credit on the purchase and installation of solar paneling. Projects installed between January 1, 2023, and December 31, 2032, qualify.

There are also several local rebates and incentives in Illinois that are available.

Call Our Solar Panel Installation Team Today

Ready to install solar panels at your Springfield, IL, home today? MB Heating & Cooling has you covered! Call today or contact us for a FREE estimate!

Share This Post

Social Media

Recent Posts