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Illinois

Solar Panel Cost in Illinois: Get 3 Free Quotes From Top Solar Companies in 2024

Thinking about going solar in Illinois? Learn about whether solar is worth it in Illinois, your potential savings by going solar and get 3 free quotes from the best solar companies in Illinois.
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Going Solar in Illinois

Why having solar panels is a good idea in Illinois

By going solar, you help create an emission-free world of tomorrow, become energy independent, and save hard-earned money on your next energy bill.

Contact us now and we match you with the top solar companies in Illinois, guaranteed 100% free of charge.

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Benefits of solar in Illinois

Continue reading this page to get an in-depth overview of why we think that solar is a good idea in Illinois, but here we list you the top 4 reasons to install solar panels:

Save money

In the last few years, the cost of solar in Illinois has dropped to record-lows, making solar a very attractive source of electricity. According to our data, installing 12 kW of solar saves the average household in Illinois up to $1,874 - $4,684 on yearly energy bills.

Create your own electricity

On average, U.S. electricity consumers experience 7 hours of power interruption per year. With solar panels on your roof, outages are a thing of the past and you will become energy independent.

Increase your home value

Did you know that solar panels increase your home value? Statistics show that a solar system increases your home value by 4.1% on average.

Contribute to an emission-free world

Every kWh of solar energy means 0.846 lbs less carbon emitted into the atmosphere. A standard 10 kW system saves the equivalent of the weight of 49 F-150 pickup trucks throughout its lifetime.

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Other Reasons Why Illinois is a Great Place for Solar

There are many unique features, that make Illinois an excellent place for going solar.
667 MW

added Solar Capacity 2023

In 2023, Illinois added 667 MW in solar capacity. This is enough to power approximately 83,375 houses.

53%

Price Drop / last 10 Years

Over the past decade, the cost of solar energy in Illinois has witnessed a significant drop of 53%.

15th

National Solar Ranking

As per the national solar ranking, Illinois has proven its dedication to harnessing solar energy effectively.

6.22 M

affected by Blackouts

Over the past years 6.22 M residents in Illinois were affected by power outages.

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Is solar worth it in Illinois?

Going solar helps you to save a lot of money on your annual energy bill. On average, our data shows that you can expect to save between $1,874 - $4,684 per year, depending on the solar system size and your location.

System SizeAverage
Yearly Output
Potential
Yearly Savings
8 kW
11,638 kWh
$ 1,874
12 kW
17,456 kWh
$ 2,810
16 kW
23,275 kWh
$ 3,747
20 kW
29,094 kWh
$ 4,684
* (Be aware that these numbers represent the average solar panel cost in Illinois and may be different from your location due to numerous factors such as roof size and roof angle)

State-wide solar incentives in Illinois

NameTerritoryIncentive TypeDetails
Special Assessment for Solar Energy Systems
Illinois
Property Tax Incentive
Renewable Energy and Energy Efficiency Project Financing
Illinois
Bond Program
Improvement Valuation of Commercial Solar Energy Systems
Illinois
Property Tax Assessment
Illinois Clean Energy Community Foundation Grants
Illinois
Grant Program
Residential Energy Conservation Subsidy Exclusion (Personal)
Federal
Personal Tax Exemption
Modified Accelerated Cost-Recovery System (MACRS)
Federal
Corporate Depreciation
Residential Energy Conservation Subsidy Exclusion (Corporate)
Federal
Corporate Tax Exemption
Energy-Efficient Mortgages
Federal
Loan Program
USDA - Rural Energy for America Program (REAP) Grants
Federal
Grant Program
Office of Indian Energy Policy and Programs - Funding Opportunities
Federal
Grant Program
Clean Renewable Energy Bonds (CREBs)
Federal
Loan Program
USDA - Rural Energy for America Program (REAP) Loan Guarantees
Federal
Loan Program
U.S. Department of Energy - Loan Guarantee Program
Federal
Loan Program
Qualified Energy Conservation Bonds (QECBs)
Federal
Loan Program
USDA - High Energy Cost Grant Program
Federal
Grant Program
Fannie Mae Green Financing – Loan Program
Federal
Loan Program
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How much do solar panels cost in Illinois?

Currently, the price per watt for solar panels is $3.43/W in Illinois. Given the average solar system size of 8 kW, this means that your solar panel cost is around $27,432 in Illinois (latest data: April 2023).*

Taking state and federal incentives into account, you can expect to save further 30% of the initial cost, bringing the cost of solar in Illinois down to $19,202 (installation size: 8 kW).


$30,000 $20,000 $10,000 $0
Good price Average price Expensive price

About the diagram: The diagram shows the average price for an 8kW solar installation in Illinois after the 30% federal tax incentive deduction. Get 3 free quotes from Quote For Solar and potentially save up to $4,872 compared to the average solar installation cost in Illinois ("Good price").

Solar panels in Illinois at one glance

Is It worth it to go solar in Illinois?

Yes, it is. Depending on how many solar panels you have and the location of your home, our data shows that you can save up to $1,874 - $4,684 on your yearly energy bill.

How much do solar panels cost in Illinois?

Currently, the price per watt for solar panels is $3.43 in Illinois. An average 8 kW solar system costs therefore around $27,432 before incentives and $19,202 after accounting for the 30% investment tax credit (ITC).

Are there solar incentives for Illinois?

Yes, there are various country-wide and state-specific incentives for going solar. For Illinois, the federal tax incentive amounts to 30%. Check out our article to learn more about the incentives and rebates in your state.
Yes, solar panels do work in Illinois during winter but you will typically see less output than in the warmer months. Our partners will help you to find the right system size for the whole year.
On average, our customers have their solar installation completed in 6 to 8 weeks after they have been contacted by our partners.
That depends on your financial situation. Generally speaking, there are several finance options for solar panels in Illinois and almost always you can finance your solar system for $0 down.
No, solar panels are not yet mandatory in Illinois. While only California requires solar systems on new construction projects at this moment, there are legislations being drafted to expand this policy throughout other states. It is therefore likely that solar soon might become mandatory in other states as well.
No, solar installations are tax exempt in Illinois. That means that you can boost your home value by going solar while your property tax base remains the same.
No, solar currently isn’t tax exempt in Illinois. Considering the expected savings it’s still a worthwhile investment for most homeowners.
Why You Should Choose Quote For Solar

Get 3 Quotes From Reviewed Solar Installers Fast!

For homeowners wishing to install solar energy on their properties, Quote For Solar is the ideal service.

Quote For Solar offers a free and easy single inquiry format for homeowners to obtain multiple offers from local solar companies for their installation needs.

Solar Companies will compete with each other to win your business, which can increase your savings. In addition, you are assured of receiving quotes only from trustworthy and dependable partners with a proven track record.

Furthermore, relevant advice on selecting the right product and installer as well as tax credits available will be included as part of the package.

Installing solar energy through Quote For Solar can result in long-term savings due to lower energy costs, but with no obligation to purchase, there is no cost to obtain the quotes.

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Solar Panel Costs Across The State of Illinois

Abingdon

Adair

Adams

Addieville

Addison

Adeline

Albany

Albers

Albion

Alden

Aledo

Alexander

Alexis

Algonquin

Alhambra

Allendale

Allenville

Allerton

Alma

Alorton

Alpha

Alsey

Alsip

Altamont

Alto Pass

Alton

Altona

Alvan

Alvin

Amboy

Anchor

Ancona

Andalusia

Andover

Andres

Anna

Annapolis

Annawan

Antioch

Apple Canyon Lake

Apple River

Arbury Hills

Arcola

Arenzville

Argenta

Argyle

Arlington Heights

Arlington

Armington

Armstrong

Learn More About Solar Offers Across The US 💡