How Much Can Solar Save in Franklin Park?
Real numbers based on current ComEd rates and Illinois incentives.
$170
Current Bill/mo
$153
Est. Lease + Battery
5.6 yrs
Payback Period
$56,117
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
$170
Annual Cost
$2,040
25-Year Cost (No Solar)
$111,924
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 Franklin Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $170/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$11/mo |
| 5-Year Cost | $11,016 | $7,920 |
| 25-Year Cost | $111,924 | $55,807 |
| 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
$56,117
Without Solar
With Solar
Year 1Payback Year
$2,040
$1,911
Year 5
$11,500
$1,324
Year 10
$26,889
$12,169
Year 15
$47,483
$24,423
Year 20
$75,043
$38,688
Year 25
$111,924
$55,807
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,040 | $1,911 | $129 |
| Year 2 | $4,202 | -$4,691 | $8,893 |
| Year 3 | $6,495 | -$2,720 | $9,215 |
| Year 4 | $8,924 | -$716 | $9,640 |
| Year 5 | $11,500 | $1,324 | $10,176 |
| Year 6 | $14,230 | $3,403 | $10,827 |
| Year 7 | $17,123 | $5,524 | $11,600 |
| Year 8 | $20,191 | $7,690 | $12,501 |
| Year 9 | $23,442 | $9,904 | $13,539 |
| Year 10 | $26,889 | $12,169 | $14,719 |
| Year 11 | $30,542 | $14,491 | $16,051 |
| Year 12 | $34,415 | $16,873 | $17,542 |
| Year 13 | $38,520 | $19,319 | $19,201 |
| Year 14 | $42,871 | $21,834 | $21,037 |
| Year 15 | $47,483 | $24,423 | $23,060 |
| Year 16 | $52,372 | $27,092 | $25,280 |
| Year 17 | $57,554 | $29,847 | $27,707 |
| Year 18 | $63,048 | $32,693 | $30,354 |
| Year 19 | $68,870 | $35,638 | $33,233 |
| Year 20 | $75,043 | $38,688 | $36,355 |
| Year 21 | $81,585 | $41,851 | $39,734 |
| Year 22 | $88,520 | $45,136 | $43,385 |
| Year 23 | $95,871 | $48,550 | $47,321 |
| Year 24 | $103,664 | $52,104 | $51,560 |
| Year 25 | $111,924 | $55,807 | $56,117 |
Start Saving in Franklin Park
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