Is Solar Worth It in Chicago, IL? (2026 Analysis)
Detailed solar ROI analysis for Chicago, Illinois. With 4.2 peak sun hours and electricity at $0.16/kWh, here is what you can expect from going solar.
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20-Year Solar Savings Projection for Chicago
This projection is based on a 7 kW system with 4.2 peak sun hours and $0.16/kWh electricity rate.
| Period | Cumulative Savings | Net Position | Status |
|---|---|---|---|
| Year 1 | $1,717 | $-8,433 | Paying off |
| Year 2 | $3,434 | $-6,716 | Paying off |
| Year 3 | $5,151 | $-4,999 | Paying off |
| Year 4 | $6,868 | $-3,282 | Paying off |
| Year 5 | $8,585 | $-1,565 | Paying off |
| Year 7 | $12,019 | $1,869 | Profitable |
| Year 9 | $15,453 | $5,303 | Profitable |
| Year 11 | $18,887 | $8,737 | Profitable |
| Year 16 | $27,472 | $17,322 | Profitable |
| Year 20 | $34,340 | $24,190 | Profitable |
Estimates assume stable electricity rates. Actual savings may increase as rates rise.
Explore Solar Financing for Chicago
$0 down options available. Own your system and claim the 30% federal tax credit. Save up to $1,717/year.
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Solar Investment Breakdown for Chicago
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Local Solar Incentives in Chicago
Local Programs: Federal ITC plus applicable state and local incentives
Electricity Trend: Rates in Chicago are currently increasing. Solar locks in your energy costs and provides a hedge against future rate increases.
State Incentives: Illinois offers net metering (full), and SRECs worth $75/MWh. See all Illinois incentives.
Financing Options for Chicago Homeowners
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Best Solar Providers in Chicago
| Provider | Type | Highlight | Rating | Action |
|---|---|---|---|---|
| EnergySage | Marketplace | Compare Chicago installers | 4.8/5 | Get Quotes |
| Sunrun | Installer | $0 down solar in IL | 4.5/5 | View Plans |
| SunPower | Premium | Highest efficiency panels | 4.6/5 | Get Quote |
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Frequently Asked Questions
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