Solar Savings Calculator for Peoria, IL

Homeowners in Peoria pay an average of $140/month for electricity through Ameren Illinois. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.

$140
Avg Monthly Bill
17¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$44,942
Est. 25-Year Savings

Calculate Your Savings in Peoria

Adjust Your Details for Peoria, 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
$1,680
Payback Period
8.1 years
25-Year Savings
$44,942
Return on Investment
331%

* Estimates based on 4.2 peak sun hours/day in Peoria, 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 Peoria

Utility & Permits

Utility Company
Ameren Illinois
Permit Cost
$325
Permit Timeline
2-4 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 Peoria, 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

ChicagoAuroraNapervilleRockfordSpringfieldJoliet

More Solar Tools for Peoria

Peoria Solar IncentivesAll available tax credits and rebatesPeoria Cost ComparisonSolar vs. grid costs over 25 yearsPeoria System SizingHow many panels your home needsPeoria Permits & RegulationsLocal permit requirementsIs Solar Worth It in Peoria?Data-driven analysis for your cityPeoria Financing OptionsCompare loans, leases, and PPAs

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