How Much Can Solar Save in Harvey?
Real numbers based on current ComEd rates and Illinois incentives.
$123
Current Bill/mo
$130
Est. Lease + Battery
5.7 yrs
Payback Period
$39,926
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
5.5 kW System
$15,950
$8,037
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$6,263
With vs Without Solar in Harvey
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $123/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$6/mo |
| 5-Year Cost | $7,970 | $5,820 |
| 25-Year Cost | $80,980 | $41,054 |
| 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
$39,926
Without Solar
With Solar
Year 1Payback Year
$1,476
$1,405
Year 5
$8,320
$993
Year 10
$19,455
$8,971
Year 15
$34,355
$17,983
Year 20
$54,296
$28,472
Year 25
$80,980
$41,054
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,476 | $1,405 | $71 |
| Year 2 | $3,041 | -$3,431 | $6,472 |
| Year 3 | $4,699 | -$1,982 | $6,681 |
| Year 4 | $6,457 | -$508 | $6,965 |
| Year 5 | $8,320 | $993 | $7,328 |
| Year 6 | $10,296 | $2,522 | $7,773 |
| Year 7 | $12,389 | $4,082 | $8,307 |
| Year 8 | $14,609 | $5,675 | $8,933 |
| Year 9 | $16,961 | $7,304 | $9,657 |
| Year 10 | $19,455 | $8,971 | $10,484 |
| Year 11 | $22,098 | $10,678 | $11,420 |
| Year 12 | $24,900 | $12,430 | $12,470 |
| Year 13 | $27,870 | $14,229 | $13,641 |
| Year 14 | $31,018 | $16,079 | $14,939 |
| Year 15 | $34,355 | $17,983 | $16,372 |
| Year 16 | $37,893 | $19,946 | $17,946 |
| Year 17 | $41,642 | $21,972 | $19,670 |
| Year 18 | $45,617 | $24,065 | $21,552 |
| Year 19 | $49,830 | $26,230 | $23,600 |
| Year 20 | $54,296 | $28,472 | $25,823 |
| Year 21 | $59,029 | $30,798 | $28,232 |
| Year 22 | $64,047 | $33,212 | $30,835 |
| Year 23 | $69,366 | $35,722 | $33,644 |
| Year 24 | $75,004 | $38,333 | $36,671 |
| Year 25 | $80,980 | $41,054 | $39,926 |
Start Saving in Harvey
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