Solar Panels Illinois Cost

This is the estimated cost of installing a 6kw solar system before deducting solar tax credits.

Solar panels illinois cost.

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. This term tells us as at what time you will recover your initial investment through electricity savings from your solar system. How much do solar panels cost in illinois. Given a solar panel system size of 5 kilowatts kw an average solar installation in illinois ranges in cost from 13 132 to 17 768 with the average gross price for solar in illinois coming in at 15 450.

September 10 2020 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. As of september 2020 the average solar panel cost in illinois is 3 09 w. As of august 2020 the average cost of solar panels per watt in illinois is 3 08 watt. As of july 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 net.

On a cost per watt w basis a solar panel installation in illinois ranges in price from 2 63 to 3 55. Another calculation that potential solar buyers have to consider is the solar payback period. Illinois what is the current average solar panel cost in illinois based on current offers.