How Much Can Solar Save in Hammond?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$120
Current Bill/mo
$135
Est. Lease + Battery
7.7 yrs
Payback Period
$31,401
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
$120
Annual Cost
$1,440
25-Year Cost (No Solar)
$79,005
Your Solar Investment
7 kW System
$20,300
$11,194
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,006
With vs Without Solar in Hammond
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $120/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-23/mo |
| 5-Year Cost | $7,776 | $7,380 |
| 25-Year Cost | $79,005 | $47,604 |
| 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
$31,401
Without Solar
With Solar
Year 1
$1,440
$1,712
Year 2Payback Year
$2,966
-$3,561
Year 5
$8,117
$1,777
Year 10
$18,980
$11,258
Year 15
$33,517
$21,743
Year 20
$52,971
$33,659
Year 25
$79,005
$47,604
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,440 | $1,712 | -$272 |
| Year 2Payback | $2,966 | -$3,561 | $6,528 |
| Year 3 | $4,584 | -$1,806 | $6,391 |
| Year 4 | $6,299 | -$28 | $6,327 |
| Year 5 | $8,117 | $1,777 | $6,341 |
| Year 6 | $10,044 | $3,609 | $6,436 |
| Year 7 | $12,087 | $5,471 | $6,616 |
| Year 8 | $14,252 | $7,365 | $6,888 |
| Year 9 | $16,547 | $9,293 | $7,254 |
| Year 10 | $18,980 | $11,258 | $7,722 |
| Year 11 | $21,559 | $13,263 | $8,296 |
| Year 12 | $24,293 | $15,311 | $8,982 |
| Year 13 | $27,190 | $17,405 | $9,786 |
| Year 14 | $30,262 | $19,547 | $10,714 |
| Year 15 | $33,517 | $21,743 | $11,774 |
| Year 16 | $36,968 | $23,995 | $12,973 |
| Year 17 | $40,627 | $26,308 | $14,318 |
| Year 18 | $44,504 | $28,687 | $15,817 |
| Year 19 | $48,614 | $31,135 | $17,479 |
| Year 20 | $52,971 | $33,659 | $19,313 |
| Year 21 | $57,590 | $36,262 | $21,327 |
| Year 22 | $62,485 | $38,952 | $23,532 |
| Year 23 | $67,674 | $41,735 | $25,939 |
| Year 24 | $73,174 | $44,617 | $28,558 |
| Year 25 | $79,005 | $47,604 | $31,401 |
Start Saving in Hammond
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Ameren Illinois rates projected to rise again next year. Lock in savings now.