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.
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).