How Much Can Solar Save in Hamilton?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$121
Current Bill/mo
$134
Est. Lease + Battery
6.4 yrs
Payback Period
$37,152
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
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Hamilton
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$3/mo |
| 5-Year Cost | $7,841 | $5,820 |
| 25-Year Cost | $79,663 | $42,511 |
| 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
$37,152
Without Solar
With Solar
Year 1Payback Year
$1,452
$1,421
Year 5
$8,185
$1,836
Year 10
$19,139
$9,921
Year 15
$33,797
$19,068
Year 20
$53,413
$29,723
Year 25
$79,663
$42,512
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,452 | $1,421 | $31 |
| Year 2 | $2,991 | -$2,641 | $5,633 |
| Year 3 | $4,623 | -$1,175 | $5,798 |
| Year 4 | $6,352 | $317 | $6,035 |
| Year 5 | $8,185 | $1,836 | $6,349 |
| Year 6 | $10,128 | $3,385 | $6,743 |
| Year 7 | $12,188 | $4,966 | $7,222 |
| Year 8 | $14,371 | $6,580 | $7,791 |
| Year 9 | $16,685 | $8,231 | $8,454 |
| Year 10 | $19,139 | $9,921 | $9,217 |
| Year 11 | $21,739 | $11,653 | $10,086 |
| Year 12 | $24,495 | $13,431 | $11,065 |
| Year 13 | $27,417 | $15,256 | $12,160 |
| Year 14 | $30,514 | $17,134 | $13,380 |
| Year 15 | $33,797 | $19,068 | $14,729 |
| Year 16 | $37,277 | $21,061 | $16,215 |
| Year 17 | $40,965 | $23,118 | $17,847 |
| Year 18 | $44,875 | $25,245 | $19,630 |
| Year 19 | $49,020 | $27,444 | $21,575 |
| Year 20 | $53,413 | $29,723 | $23,690 |
| Year 21 | $58,069 | $32,086 | $25,983 |
| Year 22 | $63,006 | $34,540 | $28,466 |
| Year 23 | $68,238 | $37,091 | $31,147 |
| Year 24 | $73,784 | $39,746 | $34,039 |
| Year 25 | $79,663 | $42,512 | $37,152 |
Start Saving in Hamilton
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