Solar Savings Calculator for Chicago, IL
Homeowners in Chicago pay an average of $148/month for electricity through ComEd (Commonwealth Edison). With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.
$148
Avg Monthly Bill
18¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$48,285
Est. 25-Year Savings
Calculate Your Savings in Chicago
Adjust Your Details for Chicago, IL
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,380
Federal Tax Credit (30%)
-$5,814
Net Cost
$13,566
Annual Savings
$1,776
Payback Period
7.6 years
25-Year Savings
$48,285
Return on Investment
356%
* Estimates based on 4 peak sun hours/day in Chicago, IL, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Chicago
Utility & Permits
- Utility Company
- ComEd (Commonwealth Edison)
- Permit Cost
- $500
- Permit Timeline
- 4-8 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.8 kW
- Panel Count
- 17 panels
- Gross Cost
- $19,380
- Net Cost (after credits)
- $13,566
Available Incentives for Chicago, IL
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Illinois SREC (Adjustable Block Program)
Long-term contracts for Renewable Energy Credits through the Illinois Shines program.
Other Cities in Illinois
More Solar Tools for Chicago
Chicago Solar IncentivesAll available tax credits and rebatesChicago Cost ComparisonSolar vs. grid costs over 25 yearsChicago System SizingHow many panels your home needsChicago Permits & RegulationsLocal permit requirementsIs Solar Worth It in Chicago?Data-driven analysis for your cityChicago Financing OptionsCompare loans, leases, and PPAs
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