How Much Can Solar Save in East Peoria?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$138
Current Bill/mo
$145
Est. Lease + Battery
6.4 yrs
Payback Period
$43,150
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
$138
Annual Cost
$1,656
25-Year Cost (No Solar)
$90,856
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 East Peoria
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $138/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$2/mo |
| 5-Year Cost | $8,942 | $6,840 |
| 25-Year Cost | $90,856 | $47,706 |
| 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
$43,150
Without Solar
With Solar
Year 1Payback Year
$1,656
$1,634
Year 5
$9,335
$1,915
Year 10
$21,827
$11,125
Year 15
$38,545
$21,470
Year 20
$60,917
$33,436
Year 25
$90,856
$47,705
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,656 | $1,634 | $22 |
| Year 2 | $3,411 | -$3,215 | $6,626 |
| Year 3 | $5,272 | -$1,533 | $6,805 |
| Year 4 | $7,244 | $176 | $7,068 |
| Year 5 | $9,335 | $1,915 | $7,420 |
| Year 6 | $11,551 | $3,684 | $7,867 |
| Year 7 | $13,900 | $5,487 | $8,413 |
| Year 8 | $16,390 | $7,327 | $9,064 |
| Year 9 | $19,030 | $9,205 | $9,825 |
| Year 10 | $21,827 | $11,125 | $10,703 |
| Year 11 | $24,793 | $13,090 | $11,703 |
| Year 12 | $27,937 | $15,103 | $12,833 |
| Year 13 | $31,269 | $17,168 | $14,101 |
| Year 14 | $34,801 | $19,289 | $15,512 |
| Year 15 | $38,545 | $21,470 | $17,075 |
| Year 16 | $42,514 | $23,715 | $18,799 |
| Year 17 | $46,721 | $26,029 | $20,692 |
| Year 18 | $51,180 | $28,417 | $22,763 |
| Year 19 | $55,907 | $30,884 | $25,023 |
| Year 20 | $60,917 | $33,436 | $27,481 |
| Year 21 | $66,228 | $36,080 | $30,148 |
| Year 22 | $71,858 | $38,821 | $33,037 |
| Year 23 | $77,825 | $41,667 | $36,158 |
| Year 24 | $84,151 | $44,626 | $39,524 |
| Year 25 | $90,856 | $47,705 | $43,150 |
Start Saving in East Peoria
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