How Much Can Solar Save in Chicago Ridge?
Real numbers based on current ComEd rates and Illinois incentives.
$157
Current Bill/mo
$150
Est. Lease + Battery
5.5 yrs
Payback Period
$54,380
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
$157
Annual Cost
$1,884
25-Year Cost (No Solar)
$103,365
Your Solar Investment
7 kW System
$20,300
$10,228
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,972
With vs Without Solar in Chicago Ridge
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $157/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$13/mo |
| 5-Year Cost | $10,174 | $7,380 |
| 25-Year Cost | $103,365 | $48,985 |
| 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
$54,380
Without Solar
With Solar
Year 1Payback Year
$1,884
$1,724
Year 5
$10,620
$903
Year 10
$24,833
$10,588
Year 15
$43,852
$21,450
Year 20
$69,304
$34,005
Year 25
$103,365
$48,985
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,884 | $1,724 | $160 |
| Year 2 | $3,881 | -$4,501 | $8,382 |
| Year 3 | $5,998 | -$2,728 | $8,726 |
| Year 4 | $8,242 | -$927 | $9,169 |
| Year 5 | $10,620 | $903 | $9,717 |
| Year 6 | $13,142 | $2,765 | $10,376 |
| Year 7 | $15,814 | $4,662 | $11,152 |
| Year 8 | $18,647 | $6,597 | $12,050 |
| Year 9 | $21,650 | $8,571 | $13,079 |
| Year 10 | $24,833 | $10,588 | $14,244 |
| Year 11 | $28,207 | $12,652 | $15,554 |
| Year 12 | $31,783 | $14,767 | $17,016 |
| Year 13 | $35,574 | $16,935 | $18,639 |
| Year 14 | $39,592 | $19,161 | $20,431 |
| Year 15 | $43,852 | $21,450 | $22,402 |
| Year 16 | $48,367 | $23,805 | $24,562 |
| Year 17 | $53,153 | $26,233 | $26,920 |
| Year 18 | $58,226 | $28,739 | $29,488 |
| Year 19 | $63,604 | $31,327 | $32,277 |
| Year 20 | $69,304 | $34,005 | $35,299 |
| Year 21 | $75,346 | $36,779 | $38,567 |
| Year 22 | $81,751 | $39,656 | $42,095 |
| Year 23 | $88,540 | $42,644 | $45,896 |
| Year 24 | $95,737 | $45,751 | $49,986 |
| Year 25 | $103,365 | $48,985 | $54,380 |
Start Saving in Chicago Ridge
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