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Chicago Solar: 3 Things to Consider Before You Invest

As a resident of Chicago, you’re spending about $93 a month on electricity. This is about 4 percent lower than the national average, but if you’re anything like most people in your city, it’s still a lot.

Perhaps that’s why you’ve been thinking of switching to solar power lately. Well, there’s no doubt you’re moving to a cheaper, cleaner power option. However, going solar isn’t as simple as flicking a switch. There are important considerations you need to make before spending thousands of dollars on solar panels.

In this article, we’re shedding light on key things to consider before investing in Chicago solar. Read on!

The Cost of Going Solar in Chicago

The high cost of purchasing and installing solar panels is the primary reason solar power adoption in the U.S. is still below 5 percent. As such, the first thing you need to consider before switching to solar power in Chicago is the cost.

There are a number of factors that will determine how much you need to spend on solar panels. They include your average energy usage, the solar power output of the panels you intend to buy, and the amount of sunshine your region receives.

An experienced solar provider can assess your home and establish the number of solar panels you’ll need. On average, though, Chicago residents spend about $15,000 on switching to solar power. When you factor in the federal solar tax credit for 2021, your overall cost can fall by about 26 percent.

If you’re unable to afford to pay for solar panels in cash, you can opt for solar financing. There are companies offering home solar loans. You can also lease the solar panels instead of buying them, but you’ll miss out on the federal tax credit incentive.

Are You a Homeowner or Tenant?

Solar installation is a large project. There are a couple of ways solar panels can be installed, but roof installation is the most common.

So, if you’re a homeowner, it’s easier to make the decision to go solar, since you have the liberty to use your property however you wish – as long as you don’t violate any codes.

What if you’re a tenant? This puts you in a complicated situation. You don’t have the power to make changes that can affect the building’s structure. You can get your landlord’s approval, but are you willing to spend thousands of money installing solar panels on a property you don’t own?

If you’re a tenant who’d like to use solar power, it’s better to look for a property that’s solar-powered and move there.

Availability of Local Solar Companies

Solar power is a young but growing industry. While the number of solar companies is growing by the day, there are many areas where you’d be lucky to find a competent installer.

Lucky for you, there are many solar companies in Chicago. Your only task is to find a solar provider that best suits your needs.

Is Chicago Solar for You?

The Chicago solar industry is thriving. More and more people are embracing solar. However, don’t just jump on the trend without making a proper assessment. With this guide, you now know how to determine how if you should switch to solar power.

Keep tabs on our blog for more home tips and advice.

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