Is solar worth it in 62701 (Springfield, IL)?

With an average payback period of 11.6 years and 25-year savings of $30,600, solar panels in Springfield, Illinois are a solid investment.

How much do solar panels cost in 62701?

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

How much solar electricity does 62701 get?

Springfield receives 4.72 kWh/m²/day of solar irradiance. A 6kW system in zip code 62701 produces approximately 8,269 kWh per year.

Solar Panel ROI in 62701

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

2.1x ROI Score

11.6 yrs Payback Period

$1,224/yr Annual Savings

$30,600 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,224

Payback 11.6 yrs

25-yr savings $30,600

Solar Calculator for 62701 (Springfield)

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

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.72 kWh/m²/day

Based on NREL data for Springfield, IL

ROI Score 2.1x

Annual Production 8,269 kWh

Annual Savings $1,224

Payback Period 11.6 years

25-Year Savings $30,600

After 30% ITC $9,940

Solar Data for 62701 – Springfield, IL

Solar Irradiance 4.72 kWh/m²/day -4.8% vs national avg

vs Illinois Avg +0% State avg: 4.86 kWh/m²/day

Electricity Rate $0.148/kWh Illinois average rate

Annual Production 8,269 kWh 6kW system estimate

Springfield's 4.72 kWh/m²/day is 4.8% below the national average. At $0.148/kWh, the 11.6-year payback is moderate. Tax credits and incentives can shorten it meaningfully.

Solar Incentives for Springfield, Illinois

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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.

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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 Springfield.

62701 vs Illinois Average

Solar Irradiance

62701: 4.72 IL avg: 4.86

Payback Period

62701: 11.6 yrs IL avg: 11.6 yrs

Annual Savings

62701: $1,224 IL avg: $1,227

25-Year Savings

62701: $30,600 IL avg: $30,675

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

Nearby Zip Codes — Solar Comparison

61602 Peoria, IL 2.1x ROI 11.7 yr payback 63136 St. Louis, MO 2.0x ROI 12.4 yr payback 63115 St. Louis, MO 2.0x ROI 12.4 yr payback 63101 St. Louis, MO 2.0x ROI 12.4 yr payback 63118 St. Louis, MO 2.0x ROI 12.4 yr payback