Average cost of electricity in Illinois, and how solar power can help

Average cost of electricity in Illinois, and how solar power can help

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The price of traditional electricity continues to increase nationwide for residential customers, having risen more than 20% from 2007-2017 alone. Meanwhile, the average cost of installing solar panels has decreased by more than 70% over the last decade. This has created a major shift, causing people to consider the benefits of adding solar panels at their homes and businesses in Illinois.

These cost increases add up for homeowners and companies alike, potentially taking needed money away from other expenses such as renovations and improvements, groceries and retirement savings.

The state of Illinois requires that each power provider include an environmental disclosure to customers each quarter. This disclosure helps consumers become aware of the emissions created by fossil fuels in connection to their use of electricity.

The Illinois Commerce Commission refers to these reports as Environmental Disclosure Statements, and they’re available online as public record. One report found that one power company’s coal and natural gas-fired power contributed to 70% of its electricity mix in September. The same report found that solar power contributed to 0% of its power sources.

With the rising cost of traditional electric bills and the added concern of carbon emissions on climate change, now is the perfect time to add solar power for your home or business in Illinois. The state has invested more than $380 million in solar power as of the second quarter of 2019, and state rules mandate that 25% of the state’s energy be generated from renewable resources by 2025.

We expect many electricity customers in Illinois will save money by signing up for solar. Additionally, the state of Illinois allows homeowners to earn electric bill credits when your solar panels generate more power than your home or business uses.

Supplementing grid-generated electricity with solar power is a great option for families and business owners in Illinois. You generate renewable energy for your home, potentially increase your home’s property value, and contribute to a better tomorrow for all. Contact POWERHOME today at 800-765-2715 to speak with a solar specialist.