How Much Can Solar Save in Erie?
Real numbers based on current ComEd rates and Illinois incentives.
$138
Current Bill/mo
$138
Est. Lease + Battery
5.9 yrs
Payback Period
$44,196
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
$138
Annual Cost
$1,656
25-Year Cost (No Solar)
$90,856
Your Solar Investment
6.5 kW System
$18,850
$9,498
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$7,402
With vs Without Solar in Erie
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $138/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$2/mo |
| 5-Year Cost | $8,942 | $6,840 |
| 25-Year Cost | $90,856 | $46,660 |
| 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
$44,196
Without Solar
With Solar
Year 1Payback Year
$1,656
$1,631
Year 5
$9,335
$1,002
Year 10
$21,827
$10,191
Year 15
$38,545
$20,508
Year 20
$60,917
$32,438
Year 25
$90,856
$46,660
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,656 | $1,631 | $25 |
| Year 2 | $3,411 | -$4,117 | $7,528 |
| Year 3 | $5,272 | -$2,438 | $7,710 |
| Year 4 | $7,244 | -$732 | $7,977 |
| Year 5 | $9,335 | $1,002 | $8,333 |
| Year 6 | $11,551 | $2,768 | $8,783 |
| Year 7 | $13,900 | $4,567 | $9,333 |
| Year 8 | $16,390 | $6,402 | $9,988 |
| Year 9 | $19,030 | $8,276 | $10,754 |
| Year 10 | $21,827 | $10,191 | $11,636 |
| Year 11 | $24,793 | $12,151 | $12,642 |
| Year 12 | $27,937 | $14,159 | $13,778 |
| Year 13 | $31,269 | $16,219 | $15,050 |
| Year 14 | $34,801 | $18,334 | $16,467 |
| Year 15 | $38,545 | $20,508 | $18,037 |
| Year 16 | $42,514 | $22,747 | $19,767 |
| Year 17 | $46,721 | $25,054 | $21,667 |
| Year 18 | $51,180 | $27,434 | $23,745 |
| Year 19 | $55,907 | $29,894 | $26,013 |
| Year 20 | $60,917 | $32,438 | $28,479 |
| Year 21 | $66,228 | $35,073 | $31,155 |
| Year 22 | $71,858 | $37,806 | $34,052 |
| Year 23 | $77,825 | $40,642 | $37,183 |
| Year 24 | $84,151 | $43,591 | $40,560 |
| Year 25 | $90,856 | $46,660 | $44,196 |
Start Saving in Erie
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