Solar Installation Cost in Chicago, IL
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Solar Incentives
You can claim a 30% federal tax credit on a residential solar PV system on your federal tax return.
- Federal Solar Investment Tax Credit (ITC)30%
- Credit applies to systems placed in service through .
Lifetime Earnings From Solar Production
- Earn up to $12,116 from Illinois Shines over 15 yearsAbout $6,058 lump sum at installation, then $6,058 over 6 years (about $1,010 per year)Estimate based on 8 kW residential system at Illinois state-average production (10,000 kWh/year). Rate of $80.77 per SREC for ComEd residential systems under 10 kW for Program Year 2025-26; rates set annually by the Illinois Power Agency.
Credits are nonrefundable and require sufficient tax liability to claim. Utility-level rebates are not included. Production-based program payments are shown in nominal dollars over the program duration; net present value is lower. Sources: IRS Form 5695, Illinois Shines.