How Much Can Solar Save in Good Hope?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$119
Current Bill/mo
$135
Est. Lease + Battery
7.2 yrs
Payback Period
$33,896
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
$119
Annual Cost
$1,428
25-Year Cost (No Solar)
$78,347
Your Solar Investment
6.5 kW System
$18,850
$10,394
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$6,506
With vs Without Solar in Good Hope
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $119/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-13/mo |
| 5-Year Cost | $7,711 | $6,840 |
| 25-Year Cost | $78,347 | $44,451 |
| 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
$33,896
Without Solar
With Solar
Year 1
$1,428
$1,588
Year 2Payback Year
$2,942
-$3,311
Year 5
$8,050
$1,643
Year 10
$18,822
$10,456
Year 15
$33,238
$20,225
Year 20
$52,530
$31,364
Year 25
$78,347
$44,451
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,428 | $1,588 | -$160 |
| Year 2Payback | $2,942 | -$3,311 | $6,253 |
| Year 3 | $4,546 | -$1,683 | $6,229 |
| Year 4 | $6,247 | -$32 | $6,279 |
| Year 5 | $8,050 | $1,643 | $6,407 |
| Year 6 | $9,961 | $3,344 | $6,616 |
| Year 7 | $11,986 | $5,074 | $6,912 |
| Year 8 | $14,134 | $6,834 | $7,299 |
| Year 9 | $16,410 | $8,627 | $7,782 |
| Year 10 | $18,822 | $10,456 | $8,367 |
| Year 11 | $21,380 | $12,322 | $9,058 |
| Year 12 | $24,090 | $14,229 | $9,862 |
| Year 13 | $26,964 | $16,179 | $10,785 |
| Year 14 | $30,010 | $18,177 | $11,833 |
| Year 15 | $33,238 | $20,225 | $13,013 |
| Year 16 | $36,660 | $22,327 | $14,333 |
| Year 17 | $40,288 | $24,488 | $15,800 |
| Year 18 | $44,133 | $26,711 | $17,422 |
| Year 19 | $48,209 | $29,001 | $19,208 |
| Year 20 | $52,530 | $31,364 | $21,166 |
| Year 21 | $57,110 | $33,803 | $23,307 |
| Year 22 | $61,964 | $36,325 | $25,639 |
| Year 23 | $67,110 | $38,936 | $28,174 |
| Year 24 | $72,565 | $41,643 | $30,922 |
| Year 25 | $78,347 | $44,451 | $33,896 |
Start Saving in Good Hope
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Ameren Illinois rates projected to rise again next year. Lock in savings now.