Solar Panel Cost Illinois

As of september 2020 the average solar panel cost in illinois is 3 10 w given a solar panel system size of 5 kilowatts kw an average solar installation in illinois ranges in cost from 13 175 to 17 825 with the average gross price for solar in illinois coming in at 15 500 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the.

Solar panel cost illinois.

This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. As of august 2020 the average cost of solar panels per watt in illinois is 3 08 watt a typical 6000 watt 6 kw solar system is 18 484 before the federal solar credit and 13 678 after claiming the federal solar tax credit. Solar panel cost data illinois 2020 updated. As of sep 2020 the average cost of solar panels in illinois is 2 57 per watt making a typical 6000 watt 6 kw solar system 11 397 after claiming the 26 federal solar tax credit now available.

On a cost per watt w basis a solar panel installation in illinois ranges in price from 2 63 to 3 55. For now the cost of the solar electricity generated by a 7 5 kw solar system should be around 997 per year but the energy the panels generate will save you 1 179 per year. That s 182 you get to keep in your pocket this year just for saying yes to solar. This term tells us as at what time you will recover your.

Another calculation that potential solar buyers have to consider is the solar payback period.