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

25+ yrs

Years of Pure Profit

$56,431

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

$22,000

$9,890

After All IL Incentives

DG Rebate ($300/kW)-$2,400

Illinois Shines RECs (lump sum, ~18 mo)-$9,710

With vs Without Solar in Hanover Park

Metric	Without Solar	With Solar
Monthly Cost	$170/mo	$132/mo (loan)
Monthly Cash Flow	-$0 (all to utility)	+$9/mo
5-Year Cost	$11,016	$7,920
25-Year Cost	$111,924	$55,493
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

$56,431

Without Solar

With Solar

Year 1Profit Starts Here

$2,040

$1,931

Year 5

$11,500

$267

Year 10

$26,889

$11,246

Year 15

$47,483

$23,662

Year 20

$75,043

$38,126

Year 25

$111,924

$55,493

Year	Without Solar	With Solar	Cumulative Savings
Year 1Profit Starts	$2,040	$1,931	$109
Year 2	$4,202	-$5,817	$10,020
Year 3	$6,495	-$3,824	$10,319
Year 4	$8,924	-$1,797	$10,721
Year 5	$11,500	$267	$11,233
Year 6	$14,230	$2,371	$11,859
Year 7	$17,123	$4,517	$12,606
Year 8	$20,191	$6,710	$13,481
Year 9	$23,442	$8,951	$14,491
Year 10	$26,889	$11,246	$15,643
Year 11	$30,542	$13,598	$16,944
Year 12	$34,415	$16,010	$18,404
Year 13	$38,520	$18,489	$20,031
Year 14	$42,871	$21,038	$21,833
Year 15	$47,483	$23,662	$23,821
Year 16	$52,372	$26,368	$26,004
Year 17	$57,554	$29,160	$28,394
Year 18	$63,048	$32,046	$31,001
Year 19	$68,870	$35,032	$33,838
Year 20	$75,043	$38,126	$36,917
Year 21	$81,585	$41,334	$40,251
Year 22	$88,520	$44,666	$43,854
Year 23	$95,871	$48,130	$47,741
Year 24	$103,664	$51,736	$51,928
Year 25	$111,924	$55,493	$56,431

Calculate YOUR Savings

Enter your actual ComEd bill to see a personalized 25-year savings projection.

$Enter Your Information

Average Monthly Electric Bill

Current Utility Rate ($/kWh)

Default: $0.16/kWh (ComEd & Ameren average)

Utility Rate Escalator: 4.5% per year

Conservative (2%)Historical Average (6%)Aggressive (10%)

How We Calculate Your Savings

This calculator uses your custom utility rate (default $0.16/kWh for Illinois) with a 4.5% annual escalator compared to our fixed lease rate of $0.10/kWh (avg.) for 15 years. A low-escalator option is also available for a lower starting payment. After the 15-year lease, you can keep the system for a low fair-market buyout — then your electricity cost drops to near-zero for the remaining life of the panels (25+ years). Your actual savings may vary based on your specific usage patterns and system size.

More Solar Resources for Hanover Park

Solar IncentivesRECs, rebates & tax exemptions Electricity RatesRate trends & bill analysis Solar FAQCommon questions answered

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Or call (618) 217-2001|Info@ltdsolarconsulting.com