How Much Can Solar Save in Hanover Park?
Real numbers based on current ComEd rates and Illinois incentives.
$170
Current Bill/mo
$153
Est. Lease + Battery
6 yrs
Payback Period
$53,400
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
$170
Annual Cost
$2,040
25-Year Cost (No Solar)
$111,924
Your Solar Investment
8 kW System
$23,200
$11,690
After All IL Incentives
DG Rebate ($300/kW)-$2,400
Illinois Shines RECs (lump sum, ~18 mo)-$9,110
With vs Without Solar in Hanover Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $170/mo | $140/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$1/mo |
| 5-Year Cost | $11,016 | $8,400 |
| 25-Year Cost | $111,924 | $58,524 |
| 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
$53,400
Without Solar
With Solar
Year 1Payback Year
$2,040
$2,029
Year 5
$11,500
$1,353
Year 10
$26,889
$12,818
Year 15
$47,483
$25,721
Year 20
$75,043
$40,670
Year 25
$111,924
$58,523
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,040 | $2,029 | $11 |
| Year 2 | $4,202 | -$5,023 | $9,225 |
| Year 3 | $6,495 | -$2,933 | $9,427 |
| Year 4 | $8,924 | -$808 | $9,733 |
| Year 5 | $11,500 | $1,353 | $10,147 |
| Year 6 | $14,230 | $3,554 | $10,675 |
| Year 7 | $17,123 | $5,798 | $11,326 |
| Year 8 | $20,191 | $8,088 | $12,103 |
| Year 9 | $23,442 | $10,426 | $13,016 |
| Year 10 | $26,889 | $12,818 | $14,070 |
| Year 11 | $30,542 | $15,267 | $15,275 |
| Year 12 | $34,415 | $17,777 | $16,637 |
| Year 13 | $38,520 | $20,353 | $18,167 |
| Year 14 | $42,871 | $22,999 | $19,872 |
| Year 15 | $47,483 | $25,721 | $21,762 |
| Year 16 | $52,372 | $28,523 | $23,849 |
| Year 17 | $57,554 | $31,413 | $26,141 |
| Year 18 | $63,048 | $34,396 | $28,651 |
| Year 19 | $68,870 | $37,480 | $31,391 |
| Year 20 | $75,043 | $40,670 | $34,372 |
| Year 21 | $81,585 | $43,976 | $37,609 |
| Year 22 | $88,520 | $47,405 | $41,115 |
| Year 23 | $95,871 | $50,966 | $44,905 |
| Year 24 | $103,664 | $54,669 | $48,995 |
| Year 25 | $111,924 | $58,523 | $53,400 |
Start Saving in Hanover Park
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