How Much Can Solar Save in Elgin?
Real numbers based on current ComEd rates and Illinois incentives.
$169
Current Bill/mo
$154
Est. Lease + Battery
5.6 yrs
Payback Period
$57,044
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
$169
Annual Cost
$2,028
25-Year Cost (No Solar)
$111,265
Your Solar Investment
7.5 kW System
$21,750
$10,959
After All IL Incentives
DG Rebate ($300/kW)-$2,250
Illinois Shines RECs (lump sum, ~18 mo)-$8,541
With vs Without Solar in Elgin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $169/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$12/mo |
| 5-Year Cost | $10,951 | $7,920 |
| 25-Year Cost | $111,265 | $54,221 |
| 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
$57,044
Without Solar
With Solar
Year 1Payback Year
$2,028
$1,880
Year 5
$11,432
$1,155
Year 10
$26,731
$11,777
Year 15
$47,204
$23,737
Year 20
$74,601
$37,614
Year 25
$111,265
$54,222
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,028 | $1,880 | $148 |
| Year 2 | $4,178 | -$4,753 | $8,931 |
| Year 3 | $6,456 | -$2,816 | $9,272 |
| Year 4 | $8,872 | -$848 | $9,719 |
| Year 5 | $11,432 | $1,155 | $10,277 |
| Year 6 | $14,146 | $3,194 | $10,952 |
| Year 7 | $17,023 | $5,273 | $11,750 |
| Year 8 | $20,072 | $7,394 | $12,678 |
| Year 9 | $23,304 | $9,561 | $13,743 |
| Year 10 | $26,731 | $11,777 | $14,953 |
| Year 11 | $30,362 | $14,047 | $16,316 |
| Year 12 | $34,212 | $16,373 | $17,839 |
| Year 13 | $38,293 | $18,760 | $19,533 |
| Year 14 | $42,619 | $21,213 | $21,405 |
| Year 15 | $47,204 | $23,737 | $23,466 |
| Year 16 | $52,064 | $26,337 | $25,727 |
| Year 17 | $57,216 | $29,018 | $28,197 |
| Year 18 | $62,677 | $31,787 | $30,889 |
| Year 19 | $68,465 | $34,650 | $33,815 |
| Year 20 | $74,601 | $37,614 | $36,987 |
| Year 21 | $81,105 | $40,686 | $40,419 |
| Year 22 | $88,000 | $43,874 | $44,126 |
| Year 23 | $95,308 | $47,186 | $48,121 |
| Year 24 | $103,054 | $50,632 | $52,422 |
| Year 25 | $111,265 | $54,222 | $57,044 |
Start Saving in Elgin
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