Preheat & Prep: Preheat your oven to 400°F (200°C). In a small bowl, whisk together all the ingredients for the Fajita Seasoning: chili powder, cumin, paprika, garlic powder, onion powder, oregano, salt, and pepper.
Combine on Pan: On a large, rimmed baking sheet, combine the sliced chicken, bell peppers, and red onion. Drizzle with the olive oil.
Season Generously: Sprinkle the homemade fajita seasoning all over the chicken and vegetables on the pan. Use your hands or a pair of tongs to toss everything together until evenly coated.
Spread & Roast: Spread the mixture into a single, even layer on the baking sheet. Make sure not to overcrowd the pan (use two pans if necessary). Roast for 20-25 minutes, or until the chicken is cooked through and the vegetables are tender and slightly charred at the edges.
Finish & Serve: Remove the sheet pan from the oven. Immediately squeeze the juice of half a lime (about 2 wedges) all over the hot fajita mixture. Garnish with fresh cilantro and serve hot with your favorite tortillas and toppings.