How Much Can Solar Save in Lockport?
Real numbers based on current ComEd rates and Illinois incentives.
$182
Current Bill/mo
$160
Est. Lease + Battery
6.8 yrs
Payback Period
$52,300
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
$182
Annual Cost
$2,184
25-Year Cost (No Solar)
$119,824
Your Solar Investment
10 kW System
$29,000
$14,612
After All IL Incentives
DG Rebate ($300/kW)-$3,000
Illinois Shines RECs (lump sum, ~18 mo)-$11,388
With vs Without Solar in Lockport
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $182/mo | $176/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-22/mo |
| 5-Year Cost | $11,794 | $10,560 |
| 25-Year Cost | $119,824 | $67,524 |
| 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
$52,300
Without Solar
With Solar
Year 1
$2,184
$2,454
Year 2Payback Year
$4,499
-$6,450
Year 5
$12,311
$1,210
Year 10
$28,787
$14,846
Year 15
$50,835
$29,974
Year 20
$80,340
$47,234
Year 25
$119,824
$67,524
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,184 | $2,454 | -$270 |
| Year 2Payback | $4,499 | -$6,450 | $10,949 |
| Year 3 | $6,953 | -$3,933 | $10,886 |
| Year 4 | $9,554 | -$1,381 | $10,935 |
| Year 5 | $12,311 | $1,210 | $11,101 |
| Year 6 | $15,234 | $3,842 | $11,392 |
| Year 7 | $18,332 | $6,518 | $11,814 |
| Year 8 | $21,616 | $9,241 | $12,375 |
| Year 9 | $25,097 | $12,016 | $13,081 |
| Year 10 | $28,787 | $14,846 | $13,941 |
| Year 11 | $32,698 | $17,735 | $14,964 |
| Year 12 | $36,844 | $20,687 | $16,157 |
| Year 13 | $41,239 | $23,707 | $17,531 |
| Year 14 | $45,897 | $26,801 | $19,096 |
| Year 15 | $50,835 | $29,974 | $20,861 |
| Year 16 | $56,069 | $33,231 | $22,838 |
| Year 17 | $61,617 | $36,578 | $25,038 |
| Year 18 | $67,498 | $40,023 | $27,475 |
| Year 19 | $73,732 | $43,573 | $30,159 |
| Year 20 | $80,340 | $47,234 | $33,106 |
| Year 21 | $87,344 | $51,015 | $36,329 |
| Year 22 | $94,769 | $54,925 | $39,843 |
| Year 23 | $102,639 | $58,974 | $43,665 |
| Year 24 | $110,981 | $63,170 | $47,812 |
| Year 25 | $119,824 | $67,524 | $52,300 |
Start Saving in Lockport
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