Is solar worth it in 61602 (Peoria, IL)?

With an average payback period of 11.7 years and 25-year savings of $30,275, solar panels in Peoria, Illinois are a solid investment.

How much do solar panels cost in 61602?

The average cost of a 6kW residential solar system in Peoria, Illinois is $14,200 before incentives. The federal 30% Investment Tax Credit reduces this to about $9,940.

How much solar electricity does 61602 get?

Peoria receives 4.67 kWh/m²/day of solar irradiance. A 6kW system in zip code 61602 produces approximately 8,182 kWh per year.

Solar Panel ROI in 61602

Peoria, Illinois — Is solar worth it here? Here's what the data says.

2.1x ROI Score

11.7 yrs Payback Period

$1,211/yr Annual Savings

$30,275 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,211

Payback 11.7 yrs

25-yr savings $30,275

Solar Calculator for 61602 (Peoria)

Adjust values to see your personalized solar ROI estimate for Peoria, Illinois.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.67 kWh/m²/day

Based on NREL data for Peoria, IL

ROI Score 2.1x

Annual Production 8,182 kWh

Annual Savings $1,211

Payback Period 11.7 years

25-Year Savings $30,275

After 30% ITC $9,940

Solar Data for 61602 – Peoria, IL

Solar Irradiance 4.67 kWh/m²/day -5.8% vs national avg

vs Illinois Avg -1.1% State avg: 4.86 kWh/m²/day

Electricity Rate $0.148/kWh Illinois average rate

Annual Production 8,182 kWh 6kW system estimate

Peoria's 4.67 kWh/m²/day is 5.8% below the national average. At $0.148/kWh, the 11.7-year payback is moderate. Tax credits and incentives can shorten it meaningfully.

Solar Incentives for Peoria, Illinois

★

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $14,200 system, that's $4,260 back.

★

Net Metering

Most Illinois utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

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Illinois State Programs

Check with the Illinois energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Peoria.

61602 vs Illinois Average

Solar Irradiance

61602: 4.67 IL avg: 4.86

Payback Period

61602: 11.7 yrs IL avg: 11.6 yrs

Annual Savings

61602: $1,211 IL avg: $1,227

25-Year Savings

61602: $30,275 IL avg: $30,675

See the full Illinois solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

62701 Springfield, IL 2.1x ROI 11.6 yr payback 60586 Plainfield, IL 2.1x ROI 11.9 yr payback 60435 Joliet, IL 2.1x ROI 11.9 yr payback 60134 Geneva, IL 2.1x ROI 11.9 yr payback 60174 St. Charles, IL 2.1x ROI 11.9 yr payback