How Much Can Solar Save in Elmwood Park?
Real numbers based on current ComEd rates and Illinois incentives.
$189
Current Bill/mo
$165
Est. Lease + Battery
5.6 yrs
Payback Period
$64,030
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
$189
Annual Cost
$2,268
25-Year Cost (No Solar)
$124,433
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 Elmwood Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $189/mo | $149/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$13/mo |
| 5-Year Cost | $12,247 | $8,940 |
| 25-Year Cost | $124,433 | $60,403 |
| 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
$64,030
Without Solar
With Solar
Year 1Payback Year
$2,268
$2,113
Year 5
$12,785
$1,205
Year 10
$29,894
$13,103
Year 15
$52,790
$26,466
Year 20
$83,430
$41,933
Year 25
$124,433
$60,402
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,268 | $2,113 | $155 |
| Year 2 | $4,672 | -$5,425 | $10,097 |
| Year 3 | $7,220 | -$3,250 | $10,471 |
| Year 4 | $9,922 | -$1,041 | $10,963 |
| Year 5 | $12,785 | $1,205 | $11,580 |
| Year 6 | $15,820 | $3,491 | $12,329 |
| Year 7 | $19,037 | $5,821 | $13,216 |
| Year 8 | $22,447 | $8,197 | $14,251 |
| Year 9 | $26,062 | $10,623 | $15,439 |
| Year 10 | $29,894 | $13,103 | $16,791 |
| Year 11 | $33,956 | $15,641 | $18,315 |
| Year 12 | $38,261 | $18,242 | $20,019 |
| Year 13 | $42,825 | $20,909 | $21,915 |
| Year 14 | $47,662 | $23,649 | $24,013 |
| Year 15 | $52,790 | $26,466 | $26,324 |
| Year 16 | $58,225 | $29,367 | $28,858 |
| Year 17 | $63,987 | $32,357 | $31,630 |
| Year 18 | $70,094 | $35,443 | $34,651 |
| Year 19 | $76,568 | $38,633 | $37,935 |
| Year 20 | $83,430 | $41,933 | $41,496 |
| Year 21 | $90,704 | $45,353 | $45,351 |
| Year 22 | $98,414 | $48,900 | $49,514 |
| Year 23 | $106,587 | $52,583 | $54,003 |
| Year 24 | $115,250 | $56,414 | $58,836 |
| Year 25 | $124,433 | $60,402 | $64,030 |
Start Saving in Elmwood Park
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