How Much Can Solar Save in Hopkins Park?
Real numbers based on current ComEd rates and Illinois incentives.
$121
Current Bill/mo
$127
Est. Lease + Battery
5.5 yrs
Payback Period
$39,428
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
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
5 kW System
$14,500
$7,306
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,694
With vs Without Solar in Hopkins Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$10/mo |
| 5-Year Cost | $7,841 | $5,280 |
| 25-Year Cost | $79,663 | $40,235 |
| 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
$39,428
Without Solar
With Solar
Year 1Payback Year
$1,452
$1,326
Year 5
$8,185
$1,180
Year 10
$19,139
$8,817
Year 15
$33,797
$17,538
Year 20
$53,413
$27,800
Year 25
$79,663
$40,235
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,452 | $1,326 | $126 |
| Year 2 | $2,991 | -$3,019 | $6,010 |
| Year 3 | $4,623 | -$1,646 | $6,269 |
| Year 4 | $6,352 | -$247 | $6,599 |
| Year 5 | $8,185 | $1,180 | $7,005 |
| Year 6 | $10,128 | $2,638 | $7,490 |
| Year 7 | $12,188 | $4,128 | $8,060 |
| Year 8 | $14,371 | $5,652 | $8,719 |
| Year 9 | $16,685 | $7,214 | $9,471 |
| Year 10 | $19,139 | $8,817 | $10,322 |
| Year 11 | $21,739 | $10,462 | $11,277 |
| Year 12 | $24,495 | $12,153 | $12,342 |
| Year 13 | $27,417 | $13,894 | $13,523 |
| Year 14 | $30,514 | $15,688 | $14,826 |
| Year 15 | $33,797 | $17,538 | $16,258 |
| Year 16 | $37,277 | $19,450 | $17,826 |
| Year 17 | $40,965 | $21,427 | $19,538 |
| Year 18 | $44,875 | $23,475 | $21,400 |
| Year 19 | $49,020 | $25,597 | $23,422 |
| Year 20 | $53,413 | $27,800 | $25,613 |
| Year 21 | $58,069 | $30,089 | $27,981 |
| Year 22 | $63,006 | $32,470 | $30,535 |
| Year 23 | $68,238 | $34,950 | $33,288 |
| Year 24 | $73,784 | $37,536 | $36,248 |
| Year 25 | $79,663 | $40,235 | $39,428 |
Start Saving in Hopkins Park
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