Solar Power in Illinois
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llinois Solar Panel Pricing
Illinois is one of the cheaper states to live in for grid-powered electricity. In a ranking of the most to least expensive, Illinois came in 44th—with an average $87 per month for electric bills. When it comes to the state’s average 11 cents per kilowatt pricing, Illinois is more toward the middle of the pack.
What’s the point of knowing all of this? To show you how solar can save you money if you install solar in Illinois. Most solar installations cost $25,000–$35,000, but that comes out to three to nine cents per kilowatt. You can get a quote from a top solar company to find out your house’s potential savings, and use our cost calculator to estimate this yourself.
Federal Tax Credit
The federal government is making it more affordable for customers to install solar. If you buy your panels, you’re able to cash in on a 30 percent tax credit. While this isn’t available for those who lease, have solar PPAs, or sign up for financing, it’s a great incentive for those who buy.
Local Utility Incentives
We mentioned that homeowners in Illinois have 98 local solar incentives. Browse the list to see how much more you can save on solar in your neighborhood.
Excess Energy Rebates
If your solar panels produce excess energy, you can get utility credits from your electric company. This is another way solar can put money back in your pocket while helping the earth.
SunPower is by far the most innovative, advanced, and modern of any in the industry.
Over the past 30 years, SunPower has filed 600 patents for solar technology, set a world record with its solar-powered plane, Solar Impulse 2, and created solar panels that produce 55 percent more energy than conventional models. The good news keeps coming, too. SunPower has a sleek design that blends solar panels into your roofline. And since the panels are so much more efficient, you won’t need as many on your home. This translates to big savings and aesthetic appeal. So if you’re thinking of going solar, SunPower is one of the best options for homeowners in Illinois.
Solar Legislation in Illinois
Illinois is working hard to go green. Its renewable portfolio standard set a goal of generating 25 percent of energy from renewable resources by 2025. Other states are a bit more aggressive and are striving to source 50 percent in the same timeframe, but it’s still positive to see Illinois on track to save homeowners money and the environment.
Illinois spent $24 million installing 11 megawatts of solar capacity in 2015.
Illinois installed the 27th most solar capacity in the U.S. in 2015.
In 2015, Illinois grew its solar capacity by 75 percent from 2014.
Illinois has the 27th most solar capacity in the nation—65 megawatts.
If you’re thinking about going solar or already have panels, here are some helpful resources:
This group regulates utility companies in Illinois. Check out the website to get contact information, learn about upcoming issues for solar, and more.
See how pending laws can impact your solar savings, and find out how you can get involved.
Learn about state energy programs and more.
Search for local solar incentives.
See nationwide energy information and specific data about Illinois energy usage.