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

26+ yrs

Years of Pure Profit

$55,166

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

$17,875

$7,104

After All IL Incentives

DG Rebate ($300/kW)-$1,950

Illinois Shines RECs (lump sum, ~18 mo)-$8,821

With vs Without Solar in Homewood

Metric	Without Solar	With Solar
Monthly Cost	$154/mo	$108/mo (loan)
Monthly Cash Flow	-$0 (all to utility)	+$21/mo
5-Year Cost	$9,979	$6,480
25-Year Cost	$101,390	$46,224
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

$55,166

Without Solar

With Solar

Year 1Profit Starts Here

$1,848

$1,595

Year 5

$10,417

-$559

Year 10

$24,358

$8,601

Year 15

$43,014

$19,048

Year 20

$67,980

$31,333

Year 25

$101,390

$46,224

Year	Without Solar	With Solar	Cumulative Savings
Year 1Profit Starts	$1,848	$1,595	$253
Year 2	$3,807	-$5,604	$9,411
Year 3	$5,883	-$3,954	$9,837
Year 4	$8,084	-$2,273	$10,357
Year 5	$10,417	-$559	$10,976
Year 6	$12,890	$1,191	$11,700
Year 7	$15,512	$2,978	$12,533
Year 8	$18,291	$4,807	$13,483
Year 9	$21,236	$6,680	$14,556
Year 10	$24,358	$8,601	$15,757
Year 11	$27,668	$10,572	$17,095
Year 12	$31,176	$12,598	$18,577
Year 13	$34,894	$14,684	$20,211
Year 14	$38,836	$16,832	$22,004
Year 15	$43,014	$19,048	$23,966
Year 16	$47,443	$21,337	$26,106
Year 17	$52,137	$23,704	$28,433
Year 18	$57,114	$26,155	$30,959
Year 19	$62,388	$28,696	$33,693
Year 20	$67,980	$31,333	$36,647
Year 21	$73,907	$34,073	$39,834
Year 22	$80,189	$36,924	$43,265
Year 23	$86,848	$39,894	$46,954
Year 24	$93,907	$42,991	$50,916
Year 25	$101,390	$46,224	$55,166

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 Homewood

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

Start Saving in Homewood

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ComEd rates projected to rise again next year. Lock in savings now.

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