How Much Can Solar Save in Homer?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$126
Current Bill/mo
$138
Est. Lease + Battery
6.5 yrs
Payback Period
$39,078
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
$126
Annual Cost
$1,512
25-Year Cost (No Solar)
$82,955
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Homer
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $126/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$0/mo |
| 5-Year Cost | $8,165 | $6,300 |
| 25-Year Cost | $82,955 | $43,877 |
| 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
$39,078
Without Solar
With Solar
Year 1Payback Year
$1,512
$1,506
Year 5
$8,523
$1,757
Year 10
$19,929
$10,241
Year 15
$35,193
$19,763
Year 20
$55,620
$30,767
Year 25
$82,955
$43,878
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,512 | $1,506 | $6 |
| Year 2 | $3,115 | -$2,971 | $6,086 |
| Year 3 | $4,814 | -$1,420 | $6,234 |
| Year 4 | $6,614 | $155 | $6,460 |
| Year 5 | $8,523 | $1,757 | $6,767 |
| Year 6 | $10,547 | $3,387 | $7,160 |
| Year 7 | $12,691 | $5,048 | $7,643 |
| Year 8 | $14,965 | $6,743 | $8,222 |
| Year 9 | $17,375 | $8,473 | $8,902 |
| Year 10 | $19,929 | $10,241 | $9,689 |
| Year 11 | $22,637 | $12,050 | $10,587 |
| Year 12 | $25,507 | $13,903 | $11,604 |
| Year 13 | $28,550 | $15,804 | $12,746 |
| Year 14 | $31,775 | $17,756 | $14,019 |
| Year 15 | $35,193 | $19,763 | $15,431 |
| Year 16 | $38,817 | $21,828 | $16,989 |
| Year 17 | $42,658 | $23,956 | $18,702 |
| Year 18 | $46,729 | $26,152 | $20,577 |
| Year 19 | $51,045 | $28,421 | $22,624 |
| Year 20 | $55,620 | $30,767 | $24,853 |
| Year 21 | $60,469 | $33,197 | $27,272 |
| Year 22 | $65,609 | $35,716 | $29,893 |
| Year 23 | $71,058 | $38,331 | $32,726 |
| Year 24 | $76,833 | $41,049 | $35,784 |
| Year 25 | $82,955 | $43,878 | $39,078 |
Start Saving in Homer
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Ameren Illinois rates projected to rise again next year. Lock in savings now.