Cost & Savings Breakdown
Based on $150/month electric bill in Cicero
System Size
8 kW
Annual Production
10,069 kWh
Gross System Cost
$24,860
Federal Tax Credit (30%)
-$7,458
State Incentive
-$10,000
Net Cost
$7,402
Monthly Savings
$122
CO₂ Offset/yr
9,263 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityComEd
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.145/kWh
Peak Sun Hours4.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$10,000
Illinois State Incentive — Illinois offers a Solar Renewable Energy Credit (SREC) program worth up to $10,000.
Common Questions
How much does solar cost in Cicero?
Solar in Cicero, Illinois costs approximately $24,860 for a 8 kW system. After the 30% federal tax credit, your net cost is about $7,402.
What is the solar payback period in Cicero?
The estimated payback period for solar in Cicero is 5.1 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does ComEd offer net metering?
ComEd offers Full Retail net metering. Full retail rate.