Is it worth it to go solar in Illinois? Solar panels provide more value when electricity rates are high. Illinois residents pay around 13.04 cents per kilowatt-hour, which is just below the national average rate. Given the low price of solar equipment and the average energy rates, many homeowners in the area will find that solar is a worthwhile investment.
How much does it cost to put solar panels on your house in Illinois? How much do solar panels cost in Illinois? Illinois’ average cost of a solar panel installation ranges from $13,005 to $17,595. On a cost per watt ($/W) basis, a solar panel installation in Illinois ranges in price from $2.60 to $3.52.
Do solar panels work well in Illinois? Illinois is a great place for homeowners to install solar. The combination of net metering, the federal tax credit, and the solar renewable energy credit program makes going solar a viable and attractive option for residents of the Prairie State.
Will Illinois pay for my solar panels? Strictly speaking, there is no Illinois tax credit for solar panels. However, the federal solar tax credit remains available in all states, and you can claim 26% of equipment and installation costs for all systems turned on before the end of 2022.