How Much Can Solar Save in Colfax?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$126
Current Bill/mo
$141
Est. Lease + Battery
6.8 yrs
Payback Period
$39,157
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
$126
Annual Cost
$1,512
25-Year Cost (No Solar)
$82,955
Your Solar Investment
6.5 kW System
$18,850
$10,394
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$6,506
With vs Without Solar in Colfax
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $126/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-5/mo |
| 5-Year Cost | $8,165 | $6,840 |
| 25-Year Cost | $82,955 | $43,798 |
| 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
$39,157
Without Solar
With Solar
Year 1
$1,512
$1,568
Year 2Payback Year
$3,115
-$3,350
Year 5
$8,523
$1,540
Year 10
$19,929
$10,235
Year 15
$35,193
$19,871
Year 20
$55,620
$30,864
Year 25
$82,955
$43,798
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,512 | $1,568 | -$56 |
| Year 2Payback | $3,115 | -$3,350 | $6,465 |
| Year 3 | $4,814 | -$1,743 | $6,556 |
| Year 4 | $6,614 | -$113 | $6,728 |
| Year 5 | $8,523 | $1,540 | $6,983 |
| Year 6 | $10,547 | $3,219 | $7,327 |
| Year 7 | $12,691 | $4,926 | $7,765 |
| Year 8 | $14,965 | $6,663 | $8,302 |
| Year 9 | $17,375 | $8,431 | $8,943 |
| Year 10 | $19,929 | $10,235 | $9,695 |
| Year 11 | $22,637 | $12,075 | $10,562 |
| Year 12 | $25,507 | $13,956 | $11,551 |
| Year 13 | $28,550 | $15,880 | $12,670 |
| Year 14 | $31,775 | $17,851 | $13,924 |
| Year 15 | $35,193 | $19,871 | $15,322 |
| Year 16 | $38,817 | $21,945 | $16,872 |
| Year 17 | $42,658 | $24,077 | $18,581 |
| Year 18 | $46,729 | $26,271 | $20,459 |
| Year 19 | $51,045 | $28,531 | $22,514 |
| Year 20 | $55,620 | $30,864 | $24,756 |
| Year 21 | $60,469 | $33,273 | $27,196 |
| Year 22 | $65,609 | $35,765 | $29,845 |
| Year 23 | $71,058 | $38,345 | $32,713 |
| Year 24 | $76,833 | $41,021 | $35,813 |
| Year 25 | $82,955 | $43,798 | $39,157 |
Start Saving in Colfax
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