How Much Can Solar Save in Albion?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$120
Current Bill/mo
$138
Est. Lease + Battery
6.5 yrs
Payback Period
$38,720
25-Year Savings
What You're Paying Now
Without solar, here's what Ameren Illinois electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$120
Annual Cost
$1,440
25-Year Cost (No Solar)
$79,005
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Albion
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $120/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$0/mo |
| 5-Year Cost | $7,776 | $6,300 |
| 25-Year Cost | $79,005 | $40,285 |
| Rate Control | None — utility sets rates | Fixed at $0.10/kWh (avg.) for 15 years |
| Home Value Impact | None | +$15,000–$25,000 (tax-exempt) |
Your Solar Savings Over Time
Estimated 25-Year Total Savings
$38,720
Without Solar
With Solar
Year 1
$1,440
$1,441
Year 2Payback Year
$2,966
-$3,105
Year 5
$8,117
$1,390
Year 10
$18,980
$9,382
Year 15
$33,517
$18,244
Year 20
$52,971
$28,363
Year 25
$79,005
$40,285
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,440 | $1,441 | -$1 |
| Year 2Payback | $2,966 | -$3,105 | $6,071 |
| Year 3 | $4,584 | -$1,627 | $6,212 |
| Year 4 | $6,299 | -$130 | $6,429 |
| Year 5 | $8,117 | $1,390 | $6,727 |
| Year 6 | $10,044 | $2,933 | $7,111 |
| Year 7 | $12,087 | $4,502 | $7,585 |
| Year 8 | $14,252 | $6,098 | $8,154 |
| Year 9 | $16,547 | $7,724 | $8,823 |
| Year 10 | $18,980 | $9,382 | $9,598 |
| Year 11 | $21,559 | $11,074 | $10,485 |
| Year 12 | $24,293 | $12,804 | $11,489 |
| Year 13 | $27,190 | $14,573 | $12,617 |
| Year 14 | $30,262 | $16,385 | $13,876 |
| Year 15 | $33,517 | $18,244 | $15,273 |
| Year 16 | $36,968 | $20,152 | $16,816 |
| Year 17 | $40,627 | $22,114 | $18,512 |
| Year 18 | $44,504 | $24,134 | $20,370 |
| Year 19 | $48,614 | $26,215 | $22,399 |
| Year 20 | $52,971 | $28,363 | $24,608 |
| Year 21 | $57,590 | $30,582 | $27,007 |
| Year 22 | $62,485 | $32,878 | $29,607 |
| Year 23 | $67,674 | $35,257 | $32,417 |
| Year 24 | $73,174 | $37,724 | $35,451 |
| Year 25 | $79,005 | $40,285 | $38,720 |
Start Saving in Albion
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Ameren Illinois rates projected to rise again next year. Lock in savings now.