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Illinois Solar Information

Illinois isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Illinois offer net metering. As always in Illinois you are entitled to the 30% federal tax credit.

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Illinois ranks in America for savings from installing solar panels on
5868.41 kWh

AC Energy output every year in Illinois in 4 kW system
4.91 kWh

Solar Radiation (kWh / m2 / day)
9 ¢ /kWh

The cost of electricity today in AmerenCILCO
19 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years

Illinois Solar Facts

$1.55
Average cost of a 4kw solar power system in 2019.
6 years
Average system payback period.
$38 289
Average lifetime savings.
4 ¢ /kWh
Levelized cost of solar energy.
5 kW
Recommended system size.

Choose relevant panels Calculate your system

How much do solar panels cost in Illinois
$1.55 per watt

Cash purchased solar system

Before 30% solar tax credit
$6 859 total

Estimated system cost

Before 30% solar tax credit
6 years

Average system payback period

Solar Installed (MW): 275.77

National Ranking: 30th (21st in 2019)

Enough Solar Installed to Power: 41,110 homes

Percentage of State's Electricity from Solar: 0.17%

Solar Jobs: 5,513

Solar Companies in State: 317 (69 Manufacturers, 105 Installers/Developers, 143 Others)

Total Solar Investment in State: $685.75 million

Prices have fallen 40% over the last 5 years

Growth Projection and Ranking: 1,710 MW over the next 5 years (ranks 13th)

Number Of Installations: 14,188

Illinois is a growing solar market that has benefited a strong renewable portfolio standard that requires they generate 25% of their energy from renewable sources by 2025. The amount of solar capacity installed in Illinois is expected to grow by more than 1,700% over the next five years.

Tell us how much you are spending on electricity and we’ll calcalute how much you can save if you get solar

kWH

$ per kWH

According to AmerenCILCO, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.

I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

System size

4.43 kW medium system size

Provides up to 80% of electricity consumption

$1.55 per watt

Average system cost

14 x 325 watt

solar panels
+
14 x 300 watt

microinverter
+
2 x 3 800 watt

inverter

$69.58 / month

Estimated savings on your average quarterly bill

$6 858.58

Estimated system cost
Excludes 30% Federal Tax Credit.
This price does not include the installation cost.
6 years

Average system payback period
$38 289.14

Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

9 ¢ /kWh

The cost of electricity today in AmerenCILCO
19 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years
4 ¢ /kWh

levelized cost of solar energy