How Much Can Solar Save in Evanston?
Real numbers based on current ComEd rates and Illinois incentives.
$231
Current Bill/mo
$187
Est. Lease + Battery
6.7 yrs
Payback Period
$70,838
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
$231
Annual Cost
$2,772
25-Year Cost (No Solar)
$152,084
Your Solar Investment
12 kW System
$34,800
$18,566
After All IL Incentives
DG Rebate ($300/kW)-$3,600
Illinois Shines RECs (lump sum, ~18 mo)-$12,634
With vs Without Solar in Evanston
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $231/mo | $211/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-12/mo |
| 5-Year Cost | $14,969 | $12,660 |
| 25-Year Cost | $152,084 | $81,246 |
| 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
$70,838
Without Solar
With Solar
Year 1
$2,772
$2,917
Year 2Payback Year
$5,710
-$6,765
Year 5
$15,626
$2,338
Year 10
$36,537
$18,540
Year 15
$64,521
$36,521
Year 20
$101,970
$57,059
Year 25
$152,084
$81,246
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,772 | $2,917 | -$145 |
| Year 2Payback | $5,710 | -$6,765 | $12,475 |
| Year 3 | $8,825 | -$3,773 | $12,598 |
| Year 4 | $12,126 | -$740 | $12,866 |
| Year 5 | $15,626 | $2,338 | $13,288 |
| Year 6 | $19,336 | $5,465 | $13,870 |
| Year 7 | $23,268 | $8,645 | $14,623 |
| Year 8 | $27,436 | $11,881 | $15,555 |
| Year 9 | $31,854 | $15,178 | $16,676 |
| Year 10 | $36,537 | $18,540 | $17,997 |
| Year 11 | $41,501 | $21,973 | $19,529 |
| Year 12 | $46,763 | $25,481 | $21,282 |
| Year 13 | $52,341 | $29,071 | $23,270 |
| Year 14 | $58,254 | $32,749 | $25,505 |
| Year 15 | $64,521 | $36,521 | $28,000 |
| Year 16 | $71,164 | $40,394 | $30,770 |
| Year 17 | $78,206 | $44,376 | $33,830 |
| Year 18 | $85,670 | $48,475 | $37,195 |
| Year 19 | $93,583 | $52,699 | $40,883 |
| Year 20 | $101,970 | $57,059 | $44,911 |
| Year 21 | $110,860 | $61,562 | $49,298 |
| Year 22 | $120,283 | $66,221 | $54,062 |
| Year 23 | $130,272 | $71,047 | $59,226 |
| Year 24 | $140,861 | $76,051 | $64,810 |
| Year 25 | $152,084 | $81,246 | $70,838 |
Start Saving in Evanston
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