Solar Savings Calculator for Joliet, IL

Homeowners in Joliet pay an average of $145/month for electricity through ComEd (Commonwealth Edison). With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.

$145
Avg Monthly Bill
17.5¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$47,031
Est. 25-Year Savings

Calculate Your Savings in Joliet

Adjust Your Details for Joliet, IL

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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
$1,740
Payback Period
7.8 years
25-Year Savings
$47,031
Return on Investment
347%

* Estimates based on 4.1 peak sun hours/day in Joliet, 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 Joliet

Utility & Permits

Utility Company
ComEd (Commonwealth Edison)
Permit Cost
$375
Permit Timeline
3-5 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 Joliet, 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.

30% of system cost

Illinois SREC (Adjustable Block Program)

Long-term contracts for Renewable Energy Credits through the Illinois Shines program.

$60-90 per REC (15-year contract)

Other Cities in Illinois

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