How Much Can Solar Save in Greenwood?
Real numbers based on current ComEd rates and Illinois incentives.
$211
Current Bill/mo
$176
Est. Lease + Battery
6.9 yrs
Payback Period
$62,424
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
$211
Annual Cost
$2,532
25-Year Cost (No Solar)
$138,917
Your Solar Investment
11.5 kW System
$33,350
$17,793
After All IL Incentives
DG Rebate ($300/kW)-$3,450
Illinois Shines RECs (lump sum, ~18 mo)-$12,107
With vs Without Solar in Greenwood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $211/mo | $202/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-20/mo |
| 5-Year Cost | $13,673 | $12,120 |
| 25-Year Cost | $138,917 | $76,493 |
| 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
$62,424
Without Solar
With Solar
Year 1
$2,532
$2,778
Year 2Payback Year
$5,216
-$6,518
Year 5
$14,273
$2,138
Year 10
$33,374
$17,506
Year 15
$58,935
$34,500
Year 20
$93,141
$53,829
Year 25
$138,917
$76,493
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,532 | $2,778 | -$246 |
| Year 2Payback | $5,216 | -$6,518 | $11,734 |
| Year 3 | $8,061 | -$3,672 | $11,733 |
| Year 4 | $11,077 | -$788 | $11,864 |
| Year 5 | $14,273 | $2,138 | $12,135 |
| Year 6 | $17,662 | $5,108 | $12,554 |
| Year 7 | $21,253 | $8,126 | $13,127 |
| Year 8 | $25,060 | $11,196 | $13,865 |
| Year 9 | $29,096 | $14,321 | $14,775 |
| Year 10 | $33,374 | $17,506 | $15,868 |
| Year 11 | $37,908 | $20,755 | $17,153 |
| Year 12 | $42,715 | $24,074 | $18,641 |
| Year 13 | $47,810 | $27,467 | $20,343 |
| Year 14 | $53,210 | $30,940 | $22,270 |
| Year 15 | $58,935 | $34,500 | $24,435 |
| Year 16 | $65,003 | $38,151 | $26,851 |
| Year 17 | $71,435 | $41,903 | $29,532 |
| Year 18 | $78,253 | $45,761 | $32,493 |
| Year 19 | $85,480 | $49,733 | $35,747 |
| Year 20 | $93,141 | $53,829 | $39,312 |
| Year 21 | $101,262 | $58,057 | $43,205 |
| Year 22 | $109,869 | $62,426 | $47,443 |
| Year 23 | $118,993 | $66,948 | $52,045 |
| Year 24 | $128,665 | $71,633 | $57,032 |
| Year 25 | $138,917 | $76,493 | $62,424 |
Start Saving in Greenwood
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