How Much Can Solar Save in Byron?
Real numbers based on current ComEd rates and Illinois incentives.
$146
Current Bill/mo
$144
Est. Lease + Battery
6.6 yrs
Payback Period
$44,268
25-Year Savings
What You're Paying Now
Without solar, here's what ComEd electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$146
Annual Cost
$1,752
25-Year Cost (No Solar)
$96,123
Your Solar Investment
8 kW System
$23,200
$11,690
After All IL Incentives
DG Rebate ($300/kW)-$2,400
Illinois Shines RECs (lump sum, ~18 mo)-$9,110
With vs Without Solar in Byron
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $146/mo | $140/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-14/mo |
| 5-Year Cost | $9,461 | $8,400 |
| 25-Year Cost | $96,123 | $51,855 |
| 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
$44,268
Without Solar
With Solar
Year 1
$1,752
$1,920
Year 2Payback Year
$3,609
-$5,248
Year 5
$9,876
$730
Year 10
$23,093
$11,327
Year 15
$40,779
$23,026
Year 20
$64,448
$36,308
Year 25
$96,123
$51,855
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,752 | $1,920 | -$168 |
| Year 2Payback | $3,609 | -$5,248 | $8,857 |
| Year 3 | $5,578 | -$3,282 | $8,860 |
| Year 4 | $7,664 | -$1,290 | $8,954 |
| Year 5 | $9,876 | $730 | $9,147 |
| Year 6 | $12,221 | $2,779 | $9,442 |
| Year 7 | $14,706 | $4,861 | $9,845 |
| Year 8 | $17,340 | $6,978 | $10,362 |
| Year 9 | $20,133 | $9,133 | $11,000 |
| Year 10 | $23,093 | $11,327 | $11,765 |
| Year 11 | $26,230 | $13,566 | $12,664 |
| Year 12 | $29,556 | $15,851 | $13,705 |
| Year 13 | $33,082 | $18,187 | $14,894 |
| Year 14 | $36,818 | $20,577 | $16,241 |
| Year 15 | $40,779 | $23,026 | $17,754 |
| Year 16 | $44,978 | $25,537 | $19,442 |
| Year 17 | $49,429 | $28,115 | $21,314 |
| Year 18 | $54,147 | $30,766 | $23,380 |
| Year 19 | $59,148 | $33,495 | $25,652 |
| Year 20 | $64,448 | $36,308 | $28,141 |
| Year 21 | $70,067 | $39,210 | $30,857 |
| Year 22 | $76,023 | $42,208 | $33,815 |
| Year 23 | $82,337 | $45,310 | $37,026 |
| Year 24 | $89,029 | $48,523 | $40,506 |
| Year 25 | $96,123 | $51,855 | $44,268 |
Start Saving in Byron
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