How Much Can Solar Save in Edgewood?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$113
Current Bill/mo
$134
Est. Lease + Battery
6.9 yrs
Payback Period
$35,022
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
$113
Annual Cost
$1,356
25-Year Cost (No Solar)
$74,396
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Edgewood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $113/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-6/mo |
| 5-Year Cost | $7,322 | $6,300 |
| 25-Year Cost | $74,396 | $39,374 |
| 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
$35,022
Without Solar
With Solar
Year 1
$1,356
$1,430
Year 2Payback Year
$2,793
-$3,129
Year 5
$7,644
$1,321
Year 10
$17,873
$9,208
Year 15
$31,562
$17,912
Year 20
$49,881
$27,796
Year 25
$74,396
$39,374
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,356 | $1,430 | -$74 |
| Year 2Payback | $2,793 | -$3,129 | $5,922 |
| Year 3 | $4,317 | -$1,665 | $5,982 |
| Year 4 | $5,932 | -$182 | $6,114 |
| Year 5 | $7,644 | $1,321 | $6,322 |
| Year 6 | $9,459 | $2,847 | $6,612 |
| Year 7 | $11,382 | $4,397 | $6,986 |
| Year 8 | $13,421 | $5,972 | $7,449 |
| Year 9 | $15,582 | $7,575 | $8,007 |
| Year 10 | $17,873 | $9,208 | $8,665 |
| Year 11 | $20,302 | $10,874 | $9,428 |
| Year 12 | $22,876 | $12,574 | $10,302 |
| Year 13 | $25,604 | $14,312 | $11,292 |
| Year 14 | $28,496 | $16,090 | $12,406 |
| Year 15 | $31,562 | $17,912 | $13,651 |
| Year 16 | $34,812 | $19,780 | $15,032 |
| Year 17 | $38,257 | $21,699 | $16,558 |
| Year 18 | $41,908 | $23,672 | $18,236 |
| Year 19 | $45,779 | $25,703 | $20,076 |
| Year 20 | $49,881 | $27,796 | $22,085 |
| Year 21 | $54,230 | $29,956 | $24,274 |
| Year 22 | $58,840 | $32,189 | $26,651 |
| Year 23 | $63,726 | $34,499 | $29,227 |
| Year 24 | $68,906 | $36,892 | $32,014 |
| Year 25 | $74,396 | $39,374 | $35,022 |
Start Saving in Edgewood
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