How Much Can Solar Save in Hopewell?
Real numbers based on current ComEd rates and Illinois incentives.
$150
Current Bill/mo
$146
Est. Lease + Battery
6.1 yrs
Payback Period
$48,619
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
$150
Annual Cost
$1,800
25-Year Cost (No Solar)
$98,756
Your Solar Investment
7.5 kW System
$21,750
$10,959
After All IL Incentives
DG Rebate ($300/kW)-$2,250
Illinois Shines RECs (lump sum, ~18 mo)-$8,541
With vs Without Solar in Hopewell
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $150/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-1/mo |
| 5-Year Cost | $9,720 | $7,920 |
| 25-Year Cost | $98,756 | $50,137 |
| 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
$48,619
Without Solar
With Solar
Year 1
$1,800
$1,818
Year 2Payback Year
$3,708
-$4,883
Year 5
$10,147
$792
Year 10
$23,725
$10,898
Year 15
$41,897
$22,128
Year 20
$66,214
$34,975
Year 25
$98,756
$50,137
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,800 | $1,818 | -$18 |
| Year 2Payback | $3,708 | -$4,883 | $8,591 |
| Year 3 | $5,730 | -$3,018 | $8,749 |
| Year 4 | $7,874 | -$1,127 | $9,002 |
| Year 5 | $10,147 | $792 | $9,355 |
| Year 6 | $12,556 | $2,742 | $9,814 |
| Year 7 | $15,109 | $4,725 | $10,384 |
| Year 8 | $17,815 | $6,743 | $11,072 |
| Year 9 | $20,684 | $8,800 | $11,884 |
| Year 10 | $23,725 | $10,898 | $12,827 |
| Year 11 | $26,949 | $13,041 | $13,908 |
| Year 12 | $30,366 | $15,231 | $15,134 |
| Year 13 | $33,988 | $17,473 | $16,514 |
| Year 14 | $37,827 | $19,771 | $18,056 |
| Year 15 | $41,897 | $22,128 | $19,769 |
| Year 16 | $46,211 | $24,549 | $21,662 |
| Year 17 | $50,783 | $27,039 | $23,744 |
| Year 18 | $55,630 | $29,603 | $26,028 |
| Year 19 | $60,768 | $32,246 | $28,522 |
| Year 20 | $66,214 | $34,975 | $31,239 |
| Year 21 | $71,987 | $37,795 | $34,192 |
| Year 22 | $78,106 | $40,714 | $37,392 |
| Year 23 | $84,592 | $43,739 | $40,854 |
| Year 24 | $91,468 | $46,877 | $44,591 |
| Year 25 | $98,756 | $50,137 | $48,619 |
Start Saving in Hopewell
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