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Sun Collectors

What’s the Cost of Installing Solar Panels for Peoria IL?

While many people are willing to make the switch to solar energy, one thing always stands in their way: the initial cost. The equipment you need to harness the power of the sun is indeed expensive by most individuals’ standards. However, the cost of installing solar panels in Peoria IL is more manageable than you’d first imagine. The goal of Sun Collectors is to ensure renewable energy is something anyone can reasonably obtain. Thus, we work to find you the best solutions to offset new solar panels’ installation costs.

Having considerable experience in the solar industry means Sun Collectors has seen both the good and bad of solar panel systems. However, this knowledge drives us to provide only the best and most positive experiences for our clients. We work directly with you, our approved vendors and local utility companies to ensure renewable energy is affordable. Moreover, you’ll likely find yourself eventually making money off of the energy your solar panels produce.

Where Costs Come Down

While the immediate price tag of a solar system might give you pause, once you consider net metering, tax credits and utility company incentives, the initial cost will begin to look a lot more manageable. And Sun Collectors is best suited to walk you through the ways you look to save and gain with solar energy.

  • Tax Credits
    • To encourage more families and businesses to adopt renewable energy through solar systems, you can earn special tax credits on your yearly tax returns. It’s called the Solar Investment Tax Credit (ITC), and it can earn you back 30% of the cost initially spent on your solar system installation. The ITC was enacted in 2006 and has helped the solar industry grow by more than 10,000% in recent years.
  • Utility Company Incentives
    • With Illinois’ renewable portfolio standard (RPS), the state has committed to producing 25% of its renewable energy by 2025. And to achieve this goal, it’s incredibly beneficial for businesses and homeowners alike to adopt solar energy. Thus, most local utility companies offer incentives when you produce renewable energy on your property. One such example of an incentive, ComEd will offer $250 per kilowatt of solar power produced by businesses.
  • Net Metering
    • Per Illinois’ net metering policy, you continue saving money well beyond the installation of your solar panels. If you find yourself producing more solar energy than your household or facility is using in any given month, you have the option to sell back that energy to your electricity providers. One way you can benefit from net metering is in the winter months. With less energy being produced, you have the money you saved during summer to fall back on.
Newly installed solar panels on a home in Peoria IL

A Focus on Clients

We understand your concern with the cost of installing solar panels in Peoria IL. However, Sun Collectors works to alleviate that concern. By providing you with proper education on renewable energy and its benefits, plus the rebates and incentives that come with it, we hope to show you a solar system is more manageable than you think. Whether looking to install solar power for residential, commercial or agricultural, we can get you started with experienced vendors. And if you’re still not sure, see what our clients have to say about their solar panel installations.

Contact Us

There’s no need to fret over the cost of installing solar panels in Peoria IL. With a little help from the professionals at Sun Collectors, you’ll be harnessing the power of the sun in no time. To learn more, call us today at 309-323-8260 to request a consultation. Also, we are located at 4507 N Sterling Ave #400, Peoria, IL 61615.