Chicago receives approximately 4 peak sun hours per day, making it a good location for solar energy production. With an average monthly electric bill of $105 in Chicago, homeowners could save $945/year by switching to solar.
A 7.1kW solar system in Chicago could generate approximately 699 kWh/month, offsetting about 95% of the average electric bill.
Chicago residents benefit from Illinois's solar incentives, including illinois shines (srec program) + net metering + federal tax credit (30%). property tax assessment cap for solar.The 30% Federal Solar Tax Credit (ITC) applies to all installations nationwide, reducing your net system cost by nearly a third.
With 4 peak sun hours, a typical 7.1kW residential system in Chicago produces enough energy to offset 95% of the average household's electricity usage. Over the system's 25+ year lifespan, that translates to $23,625 in total savings.