How Much Can Solar Save in Elkville?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$113
Current Bill/mo
$132
Est. Lease + Battery
6 yrs
Payback Period
$37,497
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
5 kW System
$14,500
$7,995
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,005
With vs Without Solar in Elkville
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $113/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$8/mo |
| 5-Year Cost | $7,322 | $5,280 |
| 25-Year Cost | $74,396 | $36,899 |
| 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
$37,497
Without Solar
With Solar
Year 1Payback Year
$1,356
$1,255
Year 5
$7,644
$1,464
Year 10
$17,873
$8,554
Year 15
$31,562
$16,538
Year 20
$49,881
$25,805
Year 25
$74,396
$36,900
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,356 | $1,255 | $101 |
| Year 2 | $2,793 | -$2,478 | $5,271 |
| Year 3 | $4,317 | -$1,185 | $5,502 |
| Year 4 | $5,932 | $128 | $5,804 |
| Year 5 | $7,644 | $1,464 | $6,180 |
| Year 6 | $9,459 | $2,825 | $6,633 |
| Year 7 | $11,382 | $4,212 | $7,170 |
| Year 8 | $13,421 | $5,628 | $7,793 |
| Year 9 | $15,582 | $7,074 | $8,508 |
| Year 10 | $17,873 | $8,554 | $9,319 |
| Year 11 | $20,302 | $10,069 | $10,233 |
| Year 12 | $22,876 | $11,621 | $11,254 |
| Year 13 | $25,604 | $13,215 | $12,389 |
| Year 14 | $28,496 | $14,853 | $13,643 |
| Year 15 | $31,562 | $16,538 | $15,024 |
| Year 16 | $34,812 | $18,274 | $16,538 |
| Year 17 | $38,257 | $20,065 | $18,192 |
| Year 18 | $41,908 | $21,914 | $19,994 |
| Year 19 | $45,779 | $23,826 | $21,953 |
| Year 20 | $49,881 | $25,805 | $24,076 |
| Year 21 | $54,230 | $27,857 | $26,373 |
| Year 22 | $58,840 | $29,987 | $28,853 |
| Year 23 | $63,726 | $32,200 | $31,527 |
| Year 24 | $68,906 | $34,502 | $34,404 |
| Year 25 | $74,396 | $36,900 | $37,497 |
Start Saving in Elkville
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