How Much Can Solar Save in Elwood?
Real numbers based on current ComEd rates and Illinois incentives.
$158
Current Bill/mo
$148
Est. Lease + Battery
6 yrs
Payback Period
$50,307
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
$158
Annual Cost
$1,896
25-Year Cost (No Solar)
$104,023
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 Elwood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $158/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$1/mo |
| 5-Year Cost | $10,238 | $7,920 |
| 25-Year Cost | $104,023 | $53,716 |
| 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
$50,307
Without Solar
With Solar
Year 1Payback Year
$1,896
$1,881
Year 5
$10,688
$1,148
Year 10
$24,991
$11,738
Year 15
$44,131
$23,622
Year 20
$69,745
$37,355
Year 25
$104,023
$53,716
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,896 | $1,881 | $15 |
| Year 2 | $3,906 | -$4,753 | $8,659 |
| Year 3 | $6,036 | -$2,818 | $8,854 |
| Year 4 | $8,294 | -$851 | $9,145 |
| Year 5 | $10,688 | $1,148 | $9,539 |
| Year 6 | $13,225 | $3,184 | $10,042 |
| Year 7 | $15,915 | $5,257 | $10,658 |
| Year 8 | $18,766 | $7,372 | $11,394 |
| Year 9 | $21,788 | $9,531 | $12,256 |
| Year 10 | $24,991 | $11,738 | $13,253 |
| Year 11 | $28,386 | $13,996 | $14,390 |
| Year 12 | $31,985 | $16,309 | $15,676 |
| Year 13 | $35,801 | $18,682 | $17,119 |
| Year 14 | $39,845 | $21,117 | $18,727 |
| Year 15 | $44,131 | $23,622 | $20,510 |
| Year 16 | $48,675 | $26,199 | $22,476 |
| Year 17 | $53,492 | $28,855 | $24,636 |
| Year 18 | $58,597 | $31,596 | $27,001 |
| Year 19 | $64,009 | $34,427 | $29,582 |
| Year 20 | $69,745 | $37,355 | $32,391 |
| Year 21 | $75,826 | $40,387 | $35,439 |
| Year 22 | $82,272 | $43,531 | $38,741 |
| Year 23 | $89,104 | $46,795 | $42,309 |
| Year 24 | $96,346 | $50,187 | $46,159 |
| Year 25 | $104,023 | $53,716 | $50,307 |
Start Saving in Elwood
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