How Much Can Solar Save in Homewood?
Real numbers based on current ComEd rates and Illinois incentives.
$154
Current Bill/mo
$145
Est. Lease + Battery
5.4 yrs
Payback Period
$51,772
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
$154
Annual Cost
$1,848
25-Year Cost (No Solar)
$101,390
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 Homewood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $154/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$14/mo |
| 5-Year Cost | $9,979 | $6,840 |
| 25-Year Cost | $101,390 | $49,618 |
| 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
$51,772
Without Solar
With Solar
Year 1Payback Year
$1,848
$1,674
Year 5
$10,417
$1,255
Year 10
$24,358
$10,810
Year 15
$43,014
$21,652
Year 20
$67,980
$34,332
Year 25
$101,390
$49,618
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,848 | $1,674 | $174 |
| Year 2 | $3,807 | -$4,027 | $7,834 |
| Year 3 | $5,883 | -$2,298 | $8,181 |
| Year 4 | $8,084 | -$538 | $8,622 |
| Year 5 | $10,417 | $1,255 | $9,162 |
| Year 6 | $12,890 | $3,084 | $9,807 |
| Year 7 | $15,512 | $4,950 | $10,562 |
| Year 8 | $18,291 | $6,858 | $11,432 |
| Year 9 | $21,236 | $8,810 | $12,426 |
| Year 10 | $24,358 | $10,810 | $13,548 |
| Year 11 | $27,668 | $12,860 | $14,807 |
| Year 12 | $31,176 | $14,965 | $16,210 |
| Year 13 | $34,894 | $17,130 | $17,765 |
| Year 14 | $38,836 | $19,357 | $19,479 |
| Year 15 | $43,014 | $21,652 | $21,362 |
| Year 16 | $47,443 | $24,020 | $23,423 |
| Year 17 | $52,137 | $26,466 | $25,671 |
| Year 18 | $57,114 | $28,996 | $28,118 |
| Year 19 | $62,388 | $31,616 | $30,773 |
| Year 20 | $67,980 | $34,332 | $33,648 |
| Year 21 | $73,907 | $37,151 | $36,756 |
| Year 22 | $80,189 | $40,081 | $40,108 |
| Year 23 | $86,848 | $43,130 | $43,718 |
| Year 24 | $93,907 | $46,306 | $47,601 |
| Year 25 | $101,390 | $49,618 | $51,772 |
Start Saving in Homewood
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