Is Solar Worth It in Chicago, IL?
A data-driven analysis based on Chicago's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Chicago
With a 7.6-year payback and 356% ROI, solar is an excellent investment in Chicago.
7.6 years
Payback Period
$48,285
25-Year Savings
356%
Return on Investment
$13,566
Net System Cost
$148
Monthly Savings
$1,776
Annual Savings
6.8 kW
System Size
$775
Home Value Boost
Why Solar Works in Chicago
- +High electricity rates (18¢/kWh) mean bigger savings
- +Full net metering — get retail credit for excess energy
- +SRECs available — earn additional income from solar production
- +Estimated $775 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
No significant drawbacks for solar in Chicago.
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