How Much Can Solar Save in Hanover?
Real numbers based on current ComEd rates and Illinois incentives.
$123
Current Bill/mo
$132
Est. Lease + Battery
6.4 yrs
Payback Period
$38,285
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
$123
Annual Cost
$1,476
25-Year Cost (No Solar)
$80,980
Your Solar Investment
6.5 kW System
$18,850
$9,498
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$7,402
With vs Without Solar in Hanover
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $123/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-8/mo |
| 5-Year Cost | $7,970 | $6,840 |
| 25-Year Cost | $80,980 | $42,695 |
| 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
$38,285
Without Solar
With Solar
Year 1
$1,476
$1,567
Year 2Payback Year
$3,041
-$4,249
Year 5
$8,320
$635
Year 10
$19,455
$9,310
Year 15
$34,355
$18,913
Year 20
$54,296
$29,850
Year 25
$80,980
$42,695
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,476 | $1,567 | -$91 |
| Year 2Payback | $3,041 | -$4,249 | $7,290 |
| Year 3 | $4,699 | -$2,644 | $7,343 |
| Year 4 | $6,457 | -$1,016 | $7,473 |
| Year 5 | $8,320 | $635 | $7,685 |
| Year 6 | $10,296 | $2,311 | $7,984 |
| Year 7 | $12,389 | $4,015 | $8,375 |
| Year 8 | $14,609 | $5,747 | $8,861 |
| Year 9 | $16,961 | $7,512 | $9,449 |
| Year 10 | $19,455 | $9,310 | $10,144 |
| Year 11 | $22,098 | $11,146 | $10,952 |
| Year 12 | $24,900 | $13,021 | $11,880 |
| Year 13 | $27,870 | $14,938 | $12,932 |
| Year 14 | $31,018 | $16,901 | $14,117 |
| Year 15 | $34,355 | $18,913 | $15,442 |
| Year 16 | $37,893 | $20,978 | $16,915 |
| Year 17 | $41,642 | $23,100 | $18,543 |
| Year 18 | $45,617 | $25,283 | $20,334 |
| Year 19 | $49,830 | $27,531 | $22,299 |
| Year 20 | $54,296 | $29,850 | $24,446 |
| Year 21 | $59,029 | $32,244 | $26,785 |
| Year 22 | $64,047 | $34,720 | $29,327 |
| Year 23 | $69,366 | $37,282 | $32,083 |
| Year 24 | $75,004 | $39,939 | $35,065 |
| Year 25 | $80,980 | $42,695 | $38,285 |
Start Saving in Hanover
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