How Much Can Solar Save in Gilman?
Real numbers based on current ComEd rates and Illinois incentives.
$130
Current Bill/mo
$136
Est. Lease + Battery
5.2 yrs
Payback Period
$46,685
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
$130
Annual Cost
$1,560
25-Year Cost (No Solar)
$85,589
Your Solar Investment
5.5 kW System
$15,950
$8,037
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$6,263
With vs Without Solar in Gilman
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $130/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$17/mo |
| 5-Year Cost | $8,424 | $5,820 |
| 25-Year Cost | $85,589 | $38,904 |
| 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
$46,685
Without Solar
With Solar
Year 1Payback Year
$1,560
$1,356
Year 5
$8,794
$726
Year 10
$20,562
$8,372
Year 15
$36,311
$16,972
Year 20
$57,386
$26,951
Year 25
$85,589
$38,904
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,560 | $1,356 | $204 |
| Year 2 | $3,214 | -$3,531 | $6,745 |
| Year 3 | $4,966 | -$2,135 | $7,101 |
| Year 4 | $6,824 | -$716 | $7,541 |
| Year 5 | $8,794 | $726 | $8,068 |
| Year 6 | $10,881 | $2,195 | $8,687 |
| Year 7 | $13,094 | $3,691 | $9,403 |
| Year 8 | $15,440 | $5,218 | $10,222 |
| Year 9 | $17,926 | $6,777 | $11,149 |
| Year 10 | $20,562 | $8,372 | $12,190 |
| Year 11 | $23,356 | $10,004 | $13,352 |
| Year 12 | $26,317 | $11,677 | $14,640 |
| Year 13 | $29,456 | $13,394 | $16,063 |
| Year 14 | $32,784 | $15,157 | $17,626 |
| Year 15 | $36,311 | $16,972 | $19,338 |
| Year 16 | $40,049 | $18,841 | $21,208 |
| Year 17 | $44,012 | $20,769 | $23,243 |
| Year 18 | $48,213 | $22,760 | $25,453 |
| Year 19 | $52,666 | $24,819 | $27,847 |
| Year 20 | $57,386 | $26,951 | $30,435 |
| Year 21 | $62,389 | $29,160 | $33,228 |
| Year 22 | $67,692 | $31,454 | $36,238 |
| Year 23 | $73,313 | $33,838 | $39,475 |
| Year 24 | $79,272 | $36,319 | $42,953 |
| Year 25 | $85,589 | $38,904 | $46,685 |
Start Saving in Gilman
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