*Prices are shown after applying the 30% federal tax credit.
As of Aug 2024, the average cost of solar panels in Chicago is $2.47 per watt making a typical 6000 watt (6 kW) solar system $10,389 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.70 | $7,557 |
5kW | $2.59 | $9,052 |
6kW | $2.47 | $10,389 |
7kW | $2.45 | $11,993 |
8kW | $2.48 | $13,868 |
9kW | $2.40 | $15,092 |
10kW | $2.37 | $16,586 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.74 169 Reviews
Danny H, 1 week ago
This was our second solar installation. The first was with a different company, which gives me a little basis for comparison. From the start, our salesperson at CertaSun was very knowledgeable, but more importantly, very frank and un-pushy. The conversation was just us asking questions, him generously sharing his time and information, and us both figuring out what makes the most sense for us. It was clear he was not trying to railroad us into the biggest system he could, which I really appreciated. After that, everything went smoothly. The biggest difference between CertaSun and the company that did our first installation is the level of communication. CertaSun responded right away to emails and, better yet, they gave us a lot more information and contacted us whenever there was any update, so we just had fewer questions as the process unfolded. The installation all happened on schedule. CertaSun facilitated easy financing so that we didn't pay out of pocket for the amount that will be reimbursed through tax credit. CertaSun took care of the permitting and inspection through to switching on the panels. I'm confident that we have a reliable partner that we'll stick with for any needs going forward.
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Danny H, 1 week ago
This was our second solar installation. The first was with a different company, which gives me a little basis for comparison. From the start, our salesperson at CertaSun was very knowledgeable, but more importantly, very frank and un-pushy. The conversation was just us asking questions, him generously sharing his time and information, and us both figuring out what makes the most sense for us. It was clear he was not trying to railroad us into the biggest system he could, which I really appreciated. After that, everything went smoothly. The biggest difference between CertaSun and the company that did our first installation is the level of communication. CertaSun responded right away to emails and, better yet, they gave us a lot more information and contacted us whenever there was any update, so we just had fewer questions as the process unfolded. The installation all happened on schedule. CertaSun facilitated easy financing so that we didn't pay out of pocket for the amount that will be reimbursed through tax credit. CertaSun took care of the permitting and inspection through to switching on the panels. I'm confident that we have a reliable partner that we'll stick with for any needs going forward.
4.68 42 Reviews
Tim Epps, over 1 month
Very professional, all done none contact. They were very interested in keeping us informed as the process progressed. System looks great and is running great. They have answered all our questions and addressed any concerns.
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Tim Epps, over 1 month
Very professional, all done none contact. They were very interested in keeping us informed as the process progressed. System looks great and is running great. They have answered all our questions and addressed any concerns.
4.64 36 Reviews
Steve Haseley, over 1 month
We had a great experience with Jason and the whole crew that erected our solar system and would recommend them to anyone.
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Steve Haseley, over 1 month
We had a great experience with Jason and the whole crew that erected our solar system and would recommend them to anyone.
4.56 55 Reviews
SCOTT FORD, over 1 month
EVERYONE THAT I HAD DELT WITH WAS SINCERE. I AM COMPLETLY SATISFIED WITH THE SERVICE. I WOULD RECOMEND THESE GUYS 100 %
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SCOTT FORD, over 1 month
EVERYONE THAT I HAD DELT WITH WAS SINCERE. I AM COMPLETLY SATISFIED WITH THE SERVICE. I WOULD RECOMEND THESE GUYS 100 %
4.51 1,943 Reviews
Sean Reidt, 5 days ago
Everything went fast and smooth. I loved how proactive they were to schedule apps and inspections for me. One employee showed up to install the panels in sweat pants and I don’t know which one but one smelt like weed.
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Sean Reidt, 5 days ago
Everything went fast and smooth. I loved how proactive they were to schedule apps and inspections for me. One employee showed up to install the panels in sweat pants and I don’t know which one but one smelt like weed.
4.42 22 Reviews
Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
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Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
4.37 16 Reviews
Jason, over 1 month
I highly recommend RX Sun and Fresh Coast Solar for anyone looking to install solar panels on their home. I found them through Energy Sage which vastly simplified the research process and I recommend them as well. RX Sun and Fresh Coast did an excellent job from start to finish, and kept me informed throughout the process. Noah at RX Sun was very upfront and helpful in guiding through the process, including SREC which can be complicated to new buyers, and never tried to upsell me on anything I didn't need. He explained everything clearly and answered all my questions. Hanna and her installer teams at Fresh Coast Solar were very efficient and friendly, and handled everything for permits and approvals. They installed the panels quickly and made sure everything was working properly. They also helped me set up the app to monitor my energy production and consumption. I was amazed to see how much electricity I was generating from the sun, and excited to see how much I will be saving on my utility bills. I was also able to take advantage of the federal rebate and Illinois state SREC incentives, which made the whole project even more affordable. It's really exciting to know that my whole home is being self-powered by the sun, and that I'm helping the environment by reducing my carbon footprint. RX Sun and Fresh Coast Solar are the best in the business, and I'm very happy with their service. Thank you!
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Jason, over 1 month
I highly recommend RX Sun and Fresh Coast Solar for anyone looking to install solar panels on their home. I found them through Energy Sage which vastly simplified the research process and I recommend them as well. RX Sun and Fresh Coast did an excellent job from start to finish, and kept me informed throughout the process. Noah at RX Sun was very upfront and helpful in guiding through the process, including SREC which can be complicated to new buyers, and never tried to upsell me on anything I didn't need. He explained everything clearly and answered all my questions. Hanna and her installer teams at Fresh Coast Solar were very efficient and friendly, and handled everything for permits and approvals. They installed the panels quickly and made sure everything was working properly. They also helped me set up the app to monitor my energy production and consumption. I was amazed to see how much electricity I was generating from the sun, and excited to see how much I will be saving on my utility bills. I was also able to take advantage of the federal rebate and Illinois state SREC incentives, which made the whole project even more affordable. It's really exciting to know that my whole home is being self-powered by the sun, and that I'm helping the environment by reducing my carbon footprint. RX Sun and Fresh Coast Solar are the best in the business, and I'm very happy with their service. Thank you!
4.25 5 Reviews
Tim from Carlyle, over 1 month
I investigated two other solar companies before settling on Southern. When Michael came to my home I was immediately impressed with knowledge and candor. I presented a situation for solar that Michael was candid enough to tell me that it wasn't economical for me, rather he presented a scenario that could work. This scenario was a bit more involved, but when he ran the numbers it made so much more sense and I would save even money, so I went with it. After I gave him the down payment, work began three to four days later. They completed the work within a week. The work was clean and the place was left better than the way it was found. I didn't have internet setup at the time of installation, no problem, they told me that they would return when I had it installed. I called them when I had it and within a few days they returned and got me connected. To sum up, the pricing was super reasonable and the service was first class. You will not be disappointed!!!
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Tim from Carlyle, over 1 month
I investigated two other solar companies before settling on Southern. When Michael came to my home I was immediately impressed with knowledge and candor. I presented a situation for solar that Michael was candid enough to tell me that it wasn't economical for me, rather he presented a scenario that could work. This scenario was a bit more involved, but when he ran the numbers it made so much more sense and I would save even money, so I went with it. After I gave him the down payment, work began three to four days later. They completed the work within a week. The work was clean and the place was left better than the way it was found. I didn't have internet setup at the time of installation, no problem, they told me that they would return when I had it installed. I called them when I had it and within a few days they returned and got me connected. To sum up, the pricing was super reasonable and the service was first class. You will not be disappointed!!!
4.25 5 Reviews
Jim Camasto, over 1 month
Solar Service designs and installs the highest quality solar thermal systems in Illinois - this installation performs both hot water and (supplemental) space heating. <br />
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Jim Camasto, over 1 month
Solar Service designs and installs the highest quality solar thermal systems in Illinois - this installation performs both hot water and (supplemental) space heating. <br />
4.25 5 Reviews
americanuck, over 1 month
Jig Patel answered my inquire for answers to my home solar concerns. After about half a day of texting back and forth, I decided to meet him and get it done. As he is an independent contractor, he was able to give me the best deal amongst several competing companies. We decided to use SunRun to manage my solar and Bright Planet to install the hardware. Everything Jig promised turned out to be true. Bright Planet kept me informed every step of the way on the installation and SunRun sends out an email periodically to keep me up to date. The installation began within 3 weeks of signing the contract. Due to the weather, it was completed on 2 separate days, but the crews that came out were very friendly and knowledgeable. The installation is done very professionally and my city inspector only had good things to say about it. After signing the contract, I didn't have to do a thing. It was all taken care of by Jig, SunRun and Bright Planet. I'm more than pleased with my experience adding solar to my home.
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americanuck, over 1 month
Jig Patel answered my inquire for answers to my home solar concerns. After about half a day of texting back and forth, I decided to meet him and get it done. As he is an independent contractor, he was able to give me the best deal amongst several competing companies. We decided to use SunRun to manage my solar and Bright Planet to install the hardware. Everything Jig promised turned out to be true. Bright Planet kept me informed every step of the way on the installation and SunRun sends out an email periodically to keep me up to date. The installation began within 3 weeks of signing the contract. Due to the weather, it was completed on 2 separate days, but the crews that came out were very friendly and knowledgeable. The installation is done very professionally and my city inspector only had good things to say about it. After signing the contract, I didn't have to do a thing. It was all taken care of by Jig, SunRun and Bright Planet. I'm more than pleased with my experience adding solar to my home.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.31 |
LG Solar | $2.75 |
SunPower | $2.88 |
Panasonic | $2.78 |
LONGi Solar | $2.22 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Chicago varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Chicago.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 9.87 kW |
Annual power generation | 14,246 kWh |
Pay-back time (assuming Cash purchase) | 8.1 Years |
Internal rate of return (IRR) on investment | 9% |
Gross cost | $24,887 |
Total Upfront Incentives and Rebates | -$9,971 |
Net Cost of System after rebated and incentives | $14,918 |
Total Cost of Utility Power Avoided over 25 years | $60,889 |
Please note that the investment return figures do not include the possible increase in property value