How Much Can Solar Save in Elliott?
Real numbers based on current ComEd rates and Illinois incentives.
$121
Current Bill/mo
$131
Est. Lease + Battery
6.1 yrs
Payback Period
$38,668
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
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
6 kW System
$17,400
$8,767
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,833
With vs Without Solar in Elliott
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-2/mo |
| 5-Year Cost | $7,841 | $6,300 |
| 25-Year Cost | $79,663 | $40,995 |
| 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
$38,668
Without Solar
With Solar
Year 1
$1,452
$1,471
Year 2Payback Year
$2,991
-$3,873
Year 5
$8,185
$726
Year 10
$19,139
$8,934
Year 15
$33,797
$18,081
Year 20
$53,413
$28,576
Year 25
$79,663
$40,995
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,452 | $1,471 | -$19 |
| Year 2Payback | $2,991 | -$3,873 | $6,864 |
| Year 3 | $4,623 | -$2,362 | $6,985 |
| Year 4 | $6,352 | -$830 | $7,182 |
| Year 5 | $8,185 | $726 | $7,459 |
| Year 6 | $10,128 | $2,308 | $7,820 |
| Year 7 | $12,188 | $3,917 | $8,270 |
| Year 8 | $14,371 | $5,557 | $8,814 |
| Year 9 | $16,685 | $7,228 | $9,457 |
| Year 10 | $19,139 | $8,934 | $10,204 |
| Year 11 | $21,739 | $10,677 | $11,062 |
| Year 12 | $24,495 | $12,460 | $12,035 |
| Year 13 | $27,417 | $14,287 | $13,130 |
| Year 14 | $30,514 | $16,159 | $14,355 |
| Year 15 | $33,797 | $18,081 | $15,716 |
| Year 16 | $37,277 | $20,057 | $17,220 |
| Year 17 | $40,965 | $22,090 | $18,876 |
| Year 18 | $44,875 | $24,184 | $20,691 |
| Year 19 | $49,020 | $26,345 | $22,675 |
| Year 20 | $53,413 | $28,576 | $24,836 |
| Year 21 | $58,069 | $30,884 | $27,185 |
| Year 22 | $63,006 | $33,274 | $29,732 |
| Year 23 | $68,238 | $35,751 | $32,487 |
| Year 24 | $73,784 | $38,323 | $35,462 |
| Year 25 | $79,663 | $40,995 | $38,668 |
Start Saving in Elliott
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