How Much Can Solar Save in Gorham?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$99
Current Bill/mo
$124
Est. Lease + Battery
8.4 yrs
Payback Period
$23,240
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
$99
Annual Cost
$1,188
25-Year Cost (No Solar)
$65,179
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 Gorham
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $99/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-31/mo |
| 5-Year Cost | $6,415 | $6,840 |
| 25-Year Cost | $65,179 | $41,939 |
| 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
$23,240
Without Solar
With Solar
Year 1
$1,188
$1,557
Year 2Payback Year
$2,447
-$3,376
Year 5
$6,697
$1,457
Year 10
$15,659
$9,982
Year 15
$27,652
$19,315
Year 20
$43,701
$29,806
Year 25
$65,179
$41,939
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,188 | $1,557 | -$369 |
| Year 2Payback | $2,447 | -$3,376 | $5,823 |
| Year 3 | $3,782 | -$1,785 | $5,567 |
| Year 4 | $5,197 | -$174 | $5,371 |
| Year 5 | $6,697 | $1,457 | $5,240 |
| Year 6 | $8,287 | $3,110 | $5,177 |
| Year 7 | $9,972 | $4,787 | $5,185 |
| Year 8 | $11,758 | $6,490 | $5,268 |
| Year 9 | $13,652 | $8,221 | $5,431 |
| Year 10 | $15,659 | $9,982 | $5,677 |
| Year 11 | $17,786 | $11,774 | $6,012 |
| Year 12 | $20,041 | $13,601 | $6,440 |
| Year 13 | $22,432 | $15,465 | $6,967 |
| Year 14 | $24,966 | $17,369 | $7,597 |
| Year 15 | $27,652 | $19,315 | $8,336 |
| Year 16 | $30,499 | $21,308 | $9,191 |
| Year 17 | $33,517 | $23,349 | $10,168 |
| Year 18 | $36,716 | $25,443 | $11,273 |
| Year 19 | $40,107 | $27,594 | $12,513 |
| Year 20 | $43,701 | $29,806 | $13,896 |
| Year 21 | $47,511 | $32,082 | $15,429 |
| Year 22 | $51,550 | $34,428 | $17,122 |
| Year 23 | $55,831 | $36,850 | $18,981 |
| Year 24 | $60,369 | $39,351 | $21,018 |
| Year 25 | $65,179 | $41,939 | $23,240 |
Start Saving in Gorham
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