Illinois Electricity Rates 2026 — Cost per kWh & Savings
The average electricity rate in Illinois (IL) is $0.1541/kWh, ranking #28 among US states. The average monthly bill is $107 for 694 kWh of usage.
Calculate Your Illinois Electric Bill
Electricity Savings Tips for Illinois
Illinois has a deregulated market and strong solar incentives through the Adjustable Block Program, which provides upfront payments for solar generation. SREC values have been generous. Net metering is available through ComEd and Ameren at retail rates.
Primary Utility: ComEd, Ameren
Illinois has a deregulated electricity market. This means you can shop for competitive electricity supply rates from third-party providers while your local utility (ComEd, Ameren) still handles delivery. Shopping for a lower supply rate can save 10-20% on your bill.
Solar Energy in Illinois
Illinois receives an average of 4 peak sun hours per day. While not the sunniest state, solar panels still produce meaningful energy here. At $0.15/kWh, a solar system that produces 7008 kWh/year saves approximately $1080/year. With the 30% federal tax credit, typical payback is 6-9 years.