How Much Can Solar Save in Essex?
Real numbers based on current ComEd rates and Illinois incentives.
$161
Current Bill/mo
$151
Est. Lease + Battery
5.8 yrs
Payback Period
$53,731
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
$161
Annual Cost
$1,932
25-Year Cost (No Solar)
$105,998
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 Essex
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $161/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $10,433 | $7,920 |
| 25-Year Cost | $105,998 | $52,267 |
| 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
$53,731
Without Solar
With Solar
Year 1Payback Year
$1,932
$1,849
Year 5
$10,891
$976
Year 10
$25,465
$11,348
Year 15
$44,969
$22,957
Year 20
$71,070
$36,343
Year 25
$105,998
$52,268
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,932 | $1,849 | $83 |
| Year 2 | $3,980 | -$4,817 | $8,797 |
| Year 3 | $6,151 | -$2,916 | $9,067 |
| Year 4 | $8,452 | -$985 | $9,437 |
| Year 5 | $10,891 | $976 | $9,914 |
| Year 6 | $13,476 | $2,972 | $10,504 |
| Year 7 | $16,217 | $5,004 | $11,213 |
| Year 8 | $19,122 | $7,075 | $12,046 |
| Year 9 | $22,201 | $9,189 | $13,012 |
| Year 10 | $25,465 | $11,348 | $14,117 |
| Year 11 | $28,925 | $13,556 | $15,369 |
| Year 12 | $32,593 | $15,817 | $16,776 |
| Year 13 | $36,480 | $18,135 | $18,346 |
| Year 14 | $40,601 | $20,513 | $20,088 |
| Year 15 | $44,969 | $22,957 | $22,012 |
| Year 16 | $49,599 | $25,471 | $24,128 |
| Year 17 | $54,507 | $28,061 | $26,446 |
| Year 18 | $59,710 | $30,732 | $28,977 |
| Year 19 | $65,224 | $33,491 | $31,733 |
| Year 20 | $71,070 | $36,343 | $34,727 |
| Year 21 | $77,266 | $39,296 | $37,970 |
| Year 22 | $83,834 | $42,356 | $41,477 |
| Year 23 | $90,796 | $45,533 | $45,263 |
| Year 24 | $98,176 | $48,834 | $49,342 |
| Year 25 | $105,998 | $52,268 | $53,731 |
Start Saving in Essex
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