How Much Can Solar Save in Lakewood?
Real numbers based on current ComEd rates and Illinois incentives.
$236
Current Bill/mo
$190
Est. Lease + Battery
6.1 yrs
Payback Period
$78,338
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
$236
Annual Cost
$2,832
25-Year Cost (No Solar)
$155,376
Your Solar Investment
11 kW System
$31,900
$17,019
After All IL Incentives
DG Rebate ($300/kW)-$3,300
Illinois Shines RECs (lump sum, ~18 mo)-$11,581
With vs Without Solar in Lakewood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $236/mo | $193/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$11/mo |
| 5-Year Cost | $15,293 | $11,580 |
| 25-Year Cost | $155,376 | $77,038 |
| 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
$78,338
Without Solar
With Solar
Year 1Payback Year
$2,832
$2,701
Year 5
$15,964
$2,316
Year 10
$37,328
$17,448
Year 15
$65,918
$34,368
Year 20
$104,177
$53,863
Year 25
$155,376
$77,038
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,832 | $2,701 | $131 |
| Year 2 | $5,834 | -$6,142 | $11,976 |
| Year 3 | $9,016 | -$3,366 | $12,382 |
| Year 4 | $12,389 | -$547 | $12,936 |
| Year 5 | $15,964 | $2,316 | $13,648 |
| Year 6 | $19,754 | $5,229 | $14,525 |
| Year 7 | $23,771 | $8,194 | $15,577 |
| Year 8 | $28,030 | $11,216 | $16,814 |
| Year 9 | $32,543 | $14,299 | $18,244 |
| Year 10 | $37,328 | $17,448 | $19,880 |
| Year 11 | $42,400 | $20,667 | $21,732 |
| Year 12 | $47,776 | $23,963 | $23,812 |
| Year 13 | $53,474 | $27,341 | $26,133 |
| Year 14 | $59,515 | $30,807 | $28,707 |
| Year 15 | $65,918 | $34,368 | $31,549 |
| Year 16 | $72,705 | $38,031 | $34,673 |
| Year 17 | $79,899 | $41,804 | $38,095 |
| Year 18 | $87,525 | $45,694 | $41,831 |
| Year 19 | $95,608 | $49,711 | $45,898 |
| Year 20 | $104,177 | $53,863 | $50,314 |
| Year 21 | $113,259 | $58,161 | $55,098 |
| Year 22 | $122,887 | $62,616 | $60,271 |
| Year 23 | $133,092 | $67,239 | $65,853 |
| Year 24 | $143,910 | $72,042 | $71,868 |
| Year 25 | $155,376 | $77,038 | $78,338 |
Start Saving in Lakewood
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