As of sep 2020 the average cost of solar panels in illinois is 2 57 per watt making a typical 6000 watt 6 kw solar system 11 397 after claiming the 26 federal solar tax credit now available.
Purchasing solar panels in illinois.
Here is our breakdown of the costs and savings when installing a 5 kw pv system in illinois.
Nature power solar panels take the sun s energy and turns it into electric current.
Plus buying solar panels for home allows you to benefit from the federal solar tax credit and other local solar incentives.
The upfront price of the residential 5kw solar system will be in the range of 21 000.
Buying solar panels will give you the maximum electric bill savings over the life of the system.
Most solar panels for sale today are made of either 60 or 72 pv cells.
That s a decent but not spectacular number but it means that the big utilities have an extra incentive to purchase generation from smart homeowners like you who produce their own power from solar panels.
They have a scratch resistant and anti reflective coating to help keep the solar panel in good shape for many years.
At comed the health and safety of our customers employees and contractors are our top priorities.
Your state offers myriad solar incentives to help you out.
As part of this commitment we re closely monitoring developments related to the coronavirus covid 19 pandemic and taking appropriate precautions.
However we understand that the upfront costs of installing solar can be intimidating.
If you live in illinois and are considering investing in a solar energy system for your home here s some great news for you.
On a cost per watt w basis a solar panel installation in illinois ranges in price from 2 63 to 3 55.
Even if you aren t quite ready to make your solar purchase these illinois solar rebates and incentives are sure to make the case for why solar is a smart decision in the land of lincoln.
Isea is the state resource for renewable energy related policy developments educational classes events and access to local renewable energy vendors.
You may care about panel size if you have limited space to build your system.
This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.
Illinois average cost of a solar panel installation ranges from 13 132 to 17 768.
60 cell solar panels measure close to 40 x 66 while 72 cell solar panels are approximately 40 x 78 give or take an inch based on the manufacturer.
Illinois mandates that 6 of its rps 1 5 of total electricity come from solar power.
This term tells us as at what time you will recover your initial investment through electricity savings from your solar system.
The illinois solar energy association isea is a non profit organization that promotes the widespread application of solar and other forms of renewable energy through education and advocacy.
Another calculation that potential solar buyers have to consider is the solar payback period.
