How Much Can Solar Save in Forest Park?
Real numbers based on current ComEd rates and Illinois incentives.
$176
Current Bill/mo
$160
Est. Lease + Battery
5.6 yrs
Payback Period
$60,592
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
$176
Annual Cost
$2,112
25-Year Cost (No Solar)
$115,874
Your Solar Investment
8 kW System
$23,200
$11,690
After All IL Incentives
DG Rebate ($300/kW)-$2,400
Illinois Shines RECs (lump sum, ~18 mo)-$9,110
With vs Without Solar in Forest Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $176/mo | $140/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$13/mo |
| 5-Year Cost | $11,405 | $8,400 |
| 25-Year Cost | $115,874 | $55,282 |
| 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
$60,592
Without Solar
With Solar
Year 1Payback Year
$2,112
$1,960
Year 5
$11,906
$972
Year 10
$27,838
$11,952
Year 15
$49,159
$24,240
Year 20
$77,691
$38,412
Year 25
$115,874
$55,282
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,112 | $1,960 | $152 |
| Year 2 | $4,351 | -$5,165 | $9,515 |
| Year 3 | $6,724 | -$3,151 | $9,874 |
| Year 4 | $9,239 | -$1,106 | $10,345 |
| Year 5 | $11,906 | $972 | $10,934 |
| Year 6 | $14,732 | $3,085 | $11,647 |
| Year 7 | $17,728 | $5,236 | $12,492 |
| Year 8 | $20,903 | $7,429 | $13,474 |
| Year 9 | $24,270 | $9,667 | $14,603 |
| Year 10 | $27,838 | $11,952 | $15,886 |
| Year 11 | $31,620 | $14,290 | $17,330 |
| Year 12 | $35,629 | $16,683 | $18,947 |
| Year 13 | $39,879 | $19,136 | $20,743 |
| Year 14 | $44,384 | $21,653 | $22,731 |
| Year 15 | $49,159 | $24,240 | $24,919 |
| Year 16 | $54,220 | $26,902 | $27,319 |
| Year 17 | $59,586 | $29,643 | $29,942 |
| Year 18 | $65,273 | $32,471 | $32,801 |
| Year 19 | $71,301 | $35,392 | $35,909 |
| Year 20 | $77,691 | $38,412 | $39,279 |
| Year 21 | $84,465 | $41,539 | $42,925 |
| Year 22 | $91,645 | $44,781 | $46,863 |
| Year 23 | $99,255 | $48,146 | $51,109 |
| Year 24 | $107,322 | $51,643 | $55,679 |
| Year 25 | $115,874 | $55,282 | $60,592 |
Start Saving in Forest Park
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