Cost & Savings Breakdown
Based on $150/month electric bill in Waukegan
System Size
8.9 kW
Annual Production
11,406 kWh
Gross System Cost
$27,521
Federal Tax Credit (30%)
-$8,256
State Incentive
-$10,000
Net Cost
$9,265
Monthly Savings
$122
CO₂ Offset/yr
10,494 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityComEd
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.128/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 Waukegan?
Solar in Waukegan, Illinois costs approximately $27,521 for a 8.9 kW system. After the 30% federal tax credit, your net cost is about $9,265.
What is the solar payback period in Waukegan?
The estimated payback period for solar in Waukegan is 6.3 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.