How Much Can Solar Save in Cherry?
Real numbers based on current ComEd rates and Illinois incentives.
$123
Current Bill/mo
$134
Est. Lease + Battery
5.4 yrs
Payback Period
$43,875
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
$123
Annual Cost
$1,476
25-Year Cost (No Solar)
$80,980
Your Solar Investment
5.5 kW System
$15,950
$8,037
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$6,263
With vs Without Solar in Cherry
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $123/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$12/mo |
| 5-Year Cost | $7,970 | $5,820 |
| 25-Year Cost | $80,980 | $37,105 |
| 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
$43,875
Without Solar
With Solar
Year 1Payback Year
$1,476
$1,328
Year 5
$8,320
$560
Year 10
$19,455
$7,974
Year 15
$34,355
$16,250
Year 20
$54,296
$25,777
Year 25
$80,980
$37,105
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,476 | $1,328 | $148 |
| Year 2 | $3,041 | -$3,591 | $6,631 |
| Year 3 | $4,699 | -$2,228 | $6,926 |
| Year 4 | $6,457 | -$844 | $7,301 |
| Year 5 | $8,320 | $560 | $7,760 |
| Year 6 | $10,296 | $1,988 | $8,307 |
| Year 7 | $12,389 | $3,442 | $8,948 |
| Year 8 | $14,609 | $4,922 | $9,686 |
| Year 9 | $16,961 | $6,432 | $10,529 |
| Year 10 | $19,455 | $7,974 | $11,481 |
| Year 11 | $22,098 | $9,549 | $12,549 |
| Year 12 | $24,900 | $11,162 | $13,738 |
| Year 13 | $27,870 | $12,814 | $15,056 |
| Year 14 | $31,018 | $14,509 | $16,509 |
| Year 15 | $34,355 | $16,250 | $18,105 |
| Year 16 | $37,893 | $18,040 | $19,852 |
| Year 17 | $41,642 | $19,884 | $21,758 |
| Year 18 | $45,617 | $21,785 | $23,831 |
| Year 19 | $49,830 | $23,748 | $26,082 |
| Year 20 | $54,296 | $25,777 | $28,518 |
| Year 21 | $59,029 | $27,878 | $31,151 |
| Year 22 | $64,047 | $30,055 | $33,992 |
| Year 23 | $69,366 | $32,314 | $37,052 |
| Year 24 | $75,004 | $34,662 | $40,342 |
| Year 25 | $80,980 | $37,105 | $43,875 |
Start Saving in Cherry
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