How Much Can Solar Save in Elk Grove Village?
Real numbers based on current ComEd rates and Illinois incentives.
$193
Current Bill/mo
$168
Est. Lease + Battery
5.5 yrs
Payback Period
$67,099
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
$193
Annual Cost
$2,316
25-Year Cost (No Solar)
$127,066
Your Solar Investment
8.5 kW System
$24,650
$12,420
After All IL Incentives
DG Rebate ($300/kW)-$2,550
Illinois Shines RECs (lump sum, ~18 mo)-$9,680
With vs Without Solar in Elk Grove Village
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $193/mo | $149/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$18/mo |
| 5-Year Cost | $12,506 | $8,940 |
| 25-Year Cost | $127,066 | $59,967 |
| 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
$67,099
Without Solar
With Solar
Year 1Payback Year
$2,316
$2,101
Year 5
$13,056
$1,140
Year 10
$30,527
$12,961
Year 15
$53,907
$26,237
Year 20
$85,195
$41,605
Year 25
$127,066
$59,967
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,316 | $2,101 | $215 |
| Year 2 | $4,771 | -$5,450 | $10,220 |
| Year 3 | $7,373 | -$3,288 | $10,661 |
| Year 4 | $10,132 | -$1,093 | $11,224 |
| Year 5 | $13,056 | $1,140 | $11,916 |
| Year 6 | $16,155 | $3,412 | $12,743 |
| Year 7 | $19,440 | $5,726 | $13,714 |
| Year 8 | $22,923 | $8,087 | $14,836 |
| Year 9 | $26,614 | $10,497 | $16,117 |
| Year 10 | $30,527 | $12,961 | $17,566 |
| Year 11 | $34,674 | $15,483 | $19,192 |
| Year 12 | $39,071 | $18,066 | $21,005 |
| Year 13 | $43,731 | $20,716 | $23,015 |
| Year 14 | $48,671 | $23,438 | $25,233 |
| Year 15 | $53,907 | $26,237 | $27,671 |
| Year 16 | $59,458 | $29,118 | $30,339 |
| Year 17 | $65,341 | $32,089 | $33,252 |
| Year 18 | $71,577 | $35,156 | $36,422 |
| Year 19 | $78,188 | $38,325 | $39,863 |
| Year 20 | $85,195 | $41,605 | $43,590 |
| Year 21 | $92,623 | $45,004 | $47,620 |
| Year 22 | $100,497 | $48,529 | $51,967 |
| Year 23 | $108,842 | $52,192 | $56,651 |
| Year 24 | $117,689 | $56,001 | $61,688 |
| Year 25 | $127,066 | $59,967 | $67,099 |
Start Saving in Elk Grove Village
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