How Much Can Solar Save in Lanark?
Real numbers based on current ComEd rates and Illinois incentives.
$125
Current Bill/mo
$132
Est. Lease + Battery
5.5 yrs
Payback Period
$42,328
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
$125
Annual Cost
$1,500
25-Year Cost (No Solar)
$82,297
Your Solar Investment
5.5 kW System
$15,950
$8,037
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$6,263
With vs Without Solar in Lanark
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $125/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$10/mo |
| 5-Year Cost | $8,100 | $5,820 |
| 25-Year Cost | $82,297 | $39,969 |
| 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
$42,328
Without Solar
With Solar
Year 1Payback Year
$1,500
$1,382
Year 5
$8,456
$865
Year 10
$19,771
$8,680
Year 15
$34,914
$17,488
Year 20
$55,178
$27,716
Year 25
$82,297
$39,969
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,500 | $1,382 | $118 |
| Year 2 | $3,090 | -$3,479 | $6,569 |
| Year 3 | $4,775 | -$2,055 | $6,830 |
| Year 4 | $6,562 | -$608 | $7,169 |
| Year 5 | $8,456 | $865 | $7,591 |
| Year 6 | $10,463 | $2,365 | $8,098 |
| Year 7 | $12,591 | $3,894 | $8,697 |
| Year 8 | $14,846 | $5,455 | $9,391 |
| Year 9 | $17,237 | $7,049 | $10,188 |
| Year 10 | $19,771 | $8,680 | $11,091 |
| Year 11 | $22,457 | $10,351 | $12,107 |
| Year 12 | $25,305 | $12,064 | $13,241 |
| Year 13 | $28,323 | $13,822 | $14,502 |
| Year 14 | $31,523 | $15,628 | $15,894 |
| Year 15 | $34,914 | $17,488 | $17,426 |
| Year 16 | $38,509 | $19,403 | $19,106 |
| Year 17 | $42,319 | $21,379 | $20,940 |
| Year 18 | $46,358 | $23,420 | $22,938 |
| Year 19 | $50,640 | $25,531 | $25,109 |
| Year 20 | $55,178 | $27,716 | $27,462 |
| Year 21 | $59,989 | $29,981 | $30,008 |
| Year 22 | $65,088 | $32,333 | $32,755 |
| Year 23 | $70,494 | $34,777 | $35,717 |
| Year 24 | $76,223 | $37,320 | $38,904 |
| Year 25 | $82,297 | $39,969 | $42,328 |
Start Saving in Lanark
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