Estimated Savings for a Typical Illinois Home
Based on a $150/month electric bill
System Size
7.5 kW
Gross Cost
$23,273
Federal Credit
-$6,982
State Incentive
-$10,000
Net Cost
$6,291
Annual Savings
$1,460
Payback Period
4.3 yrs
25-Year Savings
$43,579
CO₂ Offset/yr
9,076 lbs
Illinois Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$10,000
Illinois State Incentive
Illinois offers a Solar Renewable Energy Credit (SREC) program worth up to $10,000.
Net Metering Policy: Full Retail
Top utility in Illinois: ComEd. View full incentives detail →
Solar Costs by City in Illinois
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Chicago | $1,460 | 5.8 | 2,696,555 | ComEd |
| Aurora | $1,460 | 5.7 | 199,932 | ComEd |
| Joliet | $1,460 | 4.3 | 150,362 | ComEd |
| Naperville | $1,460 | 2.8 | 148,458 | ComEd |
| Rockford | $1,460 | 5.8 | 147,651 | ComEd |
| Springfield | $1,460 | 3.6 | 116,250 | Ameren Illinois |
| Elgin | $1,460 | 3.1 | 113,495 | ComEd |
| Peoria | $1,460 | 3.6 | 111,388 | Ameren Illinois |
| Waukegan | $1,460 | 6.3 | 89,078 | ComEd |
| Cicero | $1,460 | 5.1 | 81,797 | ComEd |
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Quick Facts: Illinois
- ⚡ Avg rate: $0.148/kWh
- 🌞 Peak sun: 4.5 hrs/day
- 🏭 Top utility: ComEd
- 📋 Net metering: Full Retail