How Much Can Solar Save in Glenwood?
Real numbers based on current ComEd rates and Illinois incentives.
$144
Current Bill/mo
$142
Est. Lease + Battery
6 yrs
Payback Period
$46,691
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
$144
Annual Cost
$1,728
25-Year Cost (No Solar)
$94,806
Your Solar Investment
7 kW System
$20,300
$10,228
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,972
With vs Without Solar in Glenwood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $144/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$1/mo |
| 5-Year Cost | $9,331 | $7,380 |
| 25-Year Cost | $94,806 | $48,115 |
| 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
$46,691
Without Solar
With Solar
Year 1Payback Year
$1,728
$1,719
Year 5
$9,741
$866
Year 10
$22,776
$10,473
Year 15
$40,221
$21,193
Year 20
$63,566
$33,513
Year 25
$94,806
$48,115
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,728 | $1,719 | $9 |
| Year 2 | $3,560 | -$4,512 | $8,072 |
| Year 3 | $5,501 | -$2,746 | $8,247 |
| Year 4 | $7,559 | -$954 | $8,514 |
| Year 5 | $9,741 | $866 | $8,875 |
| Year 6 | $12,053 | $2,716 | $9,337 |
| Year 7 | $14,505 | $4,600 | $9,905 |
| Year 8 | $17,103 | $6,518 | $10,584 |
| Year 9 | $19,857 | $8,475 | $11,382 |
| Year 10 | $22,776 | $10,473 | $12,304 |
| Year 11 | $25,871 | $12,515 | $13,356 |
| Year 12 | $29,151 | $14,604 | $14,547 |
| Year 13 | $32,628 | $16,744 | $15,884 |
| Year 14 | $36,314 | $18,939 | $17,375 |
| Year 15 | $40,221 | $21,193 | $19,028 |
| Year 16 | $44,362 | $23,511 | $20,851 |
| Year 17 | $48,752 | $25,896 | $22,856 |
| Year 18 | $53,405 | $28,355 | $25,050 |
| Year 19 | $58,337 | $30,892 | $27,446 |
| Year 20 | $63,566 | $33,513 | $30,053 |
| Year 21 | $69,107 | $36,225 | $32,883 |
| Year 22 | $74,982 | $39,033 | $35,949 |
| Year 23 | $81,209 | $41,946 | $39,263 |
| Year 24 | $87,809 | $44,971 | $42,839 |
| Year 25 | $94,806 | $48,115 | $46,691 |
Start Saving in Glenwood
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