Solar by City / Illinois / Waukegan

Data last verified: 2026-08

Is Solar Worth It in Waukegan, Illinois? (2026)

Direct answer
Waukegan, Illinois in 2026: residential electricity averages 19.1¢/kWh (EIA, 2026 YTD). Solar production for Waukegan is modeled at ~1277 kWh per kW per year, derived from Illinois's NREL PVWatts v8 state value (1290 kWh/kW) adjusted for the city's latitude — a modeled estimate, not a site-specific PVWatts run. Illinois uses full-retail net metering. SREC market active at ~$75/MWh. A typical 6 kW system in Waukegan has an estimated payback of 8 years. The federal residential credit (Section 25D) expired Dec 31, 2025; state and utility incentives are the deciding factor in 2026. Sources: EIA, NREL PVWatts v8, DSIRE (retrieved 2026-08-29).

The honest answer depends on four numbers unique to Waukegan: your electricity rate, your solar production, your net metering policy, and your state incentives. Here are the real figures, with sources and dates. City production is a modeled estimate derived from Illinois's real NREL PVWatts v8 value adjusted for local latitude.

GOOD — solar generally pays off in Waukegan, Illinois
Est. payback (6 kW)
8 yr
Electricity rate
19.1¢/kWh
Solar production (modeled)
1277 kWh/kW
Net metering
Full retail

Solar Snapshot for Waukegan, Illinois (2026)

Residential electricity rate19.1¢/kWh (EIA, 2026 YTD May)
Solar production (modeled)~1277 kWh per kW per year (derived from NREL PVWatts v8 1290 kWh/kW, latitude-adjusted)
Net meteringfull-retail net metering
State tax creditNone in 2026
Rebates / performanceAdjustable Block REC $65–85/MWh
SREC marketActive — ~$75/MWh (2026 market)
Property tax exemptionYes
Sales tax exemptionNo

Estimate Your Own Payback in Waukegan

The table above is a 6 kW benchmark using Illinois's real inputs. Your home is different — use the Solar ROI Calculator with Illinois pre-loaded to get your exact payback, or the 30-second worth-it quiz for a go/no-go verdict.

Waukegan FAQ

How much solar production can I expect in Waukegan?

PVFig models Waukegan at ~1277 kWh per kW installed per year, derived from Illinois's NREL PVWatts v8 state value (1290 kWh/kW) adjusted for the city's latitude. This is a modeled estimate — a site-specific PVWatts run with your exact roof azimuth, tilt and shading will differ. Actual output also depends on panel quality and local weather.

What is the estimated solar payback in Waukegan?

At a typical 2.85/W installed cost and 19.1¢/kWh electricity, a 6 kW system in Waukegan has an estimated payback of about 8 years. That is one of the faster paybacks in the country.

Does Illinois have net metering and a solar tax credit in 2026?

Illinois uses full-retail net metering. There is no state income tax credit for residential solar in 2026. The federal residential credit (Section 25D) expired Dec 31, 2025 and does not apply to 2026 installations.

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Modeled estimate & disclaimer: The city production figure (~1277 kWh/kW) is modeled from Illinois's real NREL PVWatts v8 state value (1290 kWh/kW) adjusted for Waukegan's latitude — it is not a site-specific PVWatts simulation. Electricity rate (19.1¢/kWh) is the real EIA 2026 YTD state residential average; installed cost (2.85/W) is a real regional estimate. All figures are estimates from dated public sources (EIA 2026, NREL PVWatts v8, DSIRE 2026; retrieved 2026-08-29) — not a quote or financial advice. Incentive budgets close; verify current terms with your utility and a licensed installer. Federal residential ITC (Section 25D) expired Dec 31, 2025.

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