Cost & Savings Breakdown
Based on $150/month electric bill in Rockford
System Size
8.5 kW
Annual Production
10,896 kWh
Gross System Cost
$26,289
Federal Tax Credit (30%)
-$7,887
State Incentive
-$10,000
Net Cost
$8,402
Monthly Savings
$122
CO₂ Offset/yr
10,024 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityComEd
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.134/kWh
Peak Sun Hours4.4 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 Rockford?
Solar in Rockford, Illinois costs approximately $26,289 for a 8.5 kW system. After the 30% federal tax credit, your net cost is about $8,402.
What is the solar payback period in Rockford?
The estimated payback period for solar in Rockford is 5.8 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does ComEd offer net metering?
ComEd offers Full Retail net metering. Full retail rate.