The veteran rapper is pleased his group will become the fourth hip-hop band to be included in the legendary institution - based in Cleveland, US - and says he'd like for all of the people who have been involved in the group's career to be rewarded for their efforts.
He told Rolling Stone magazine: ''I'm very fortunate to be acknowledged by my peers.
''I take this very seriously. I grew up as a sports fan, and I know that a Hall of Fame is very different than an award for being the best of the year. It's a nod to the longevity of our accomplishment.
''When it comes to Public Enemy, we did this on our own terms. I imagine this as a trophy made out of crystal. I'd like to smash it into 10,000 pieces and hand each piece to a contributor.''
The band - which also includes hype man Flavor Flav, producer Professor Griff, DJ Lord and dance crew The S1W - will also perform at the induction next year, and Chuck promises an unforgettable show.
He said: ''We guarantee we're going to tear that damn place down. I might tell DJ Lord to rock the beginning of [prog rock band Rush's] 'Tom Sawyer.' Then people will be shaking their heads like, 'What the f**k is going on?'
''That's the ability of what I consider probably one of the greatest performing bands in hip-hop history. It's not bragging, because I don't brag about myself, but my guys are the best in the business. There's nobody that can touch Flava Flav. There's nobody else like him in the world.''