How Much Can Solar Save in Franklin?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$121
Current Bill/mo
$137
Est. Lease + Battery
6.2 yrs
Payback Period
$39,732
25-Year Savings
What You're Paying Now
Without solar, here's what Ameren Illinois electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Franklin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $7,841 | $5,820 |
| 25-Year Cost | $79,663 | $39,931 |
| 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
$39,732
Without Solar
With Solar
Year 1Payback Year
$1,452
$1,370
Year 5
$8,185
$1,554
Year 10
$19,139
$9,270
Year 15
$33,797
$17,935
Year 20
$53,413
$27,963
Year 25
$79,663
$39,931
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,452 | $1,370 | $82 |
| Year 2 | $2,991 | -$2,746 | $5,737 |
| Year 3 | $4,623 | -$1,335 | $5,958 |
| Year 4 | $6,352 | $97 | $6,255 |
| Year 5 | $8,185 | $1,554 | $6,631 |
| Year 6 | $10,128 | $3,037 | $7,092 |
| Year 7 | $12,188 | $4,547 | $7,641 |
| Year 8 | $14,371 | $6,088 | $8,283 |
| Year 9 | $16,685 | $7,662 | $9,024 |
| Year 10 | $19,139 | $9,270 | $9,869 |
| Year 11 | $21,739 | $10,916 | $10,823 |
| Year 12 | $24,495 | $12,602 | $11,893 |
| Year 13 | $27,417 | $14,332 | $13,085 |
| Year 14 | $30,514 | $16,109 | $14,405 |
| Year 15 | $33,797 | $17,935 | $15,861 |
| Year 16 | $37,277 | $19,816 | $17,460 |
| Year 17 | $40,965 | $21,755 | $19,210 |
| Year 18 | $44,875 | $23,756 | $21,119 |
| Year 19 | $49,020 | $25,823 | $23,196 |
| Year 20 | $53,413 | $27,963 | $25,450 |
| Year 21 | $58,069 | $30,179 | $27,891 |
| Year 22 | $63,006 | $32,478 | $30,528 |
| Year 23 | $68,238 | $34,865 | $33,373 |
| Year 24 | $73,784 | $37,347 | $36,437 |
| Year 25 | $79,663 | $39,931 | $39,732 |
Start Saving in Franklin
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Ameren Illinois rates projected to rise again next year. Lock in savings now.