How Much Can Solar Save in Lomax?
Real numbers based on current ComEd rates and Illinois incentives.
$120
Current Bill/mo
$129
Est. Lease + Battery
5.8 yrs
Payback Period
$39,261
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
$120
Annual Cost
$1,440
25-Year Cost (No Solar)
$79,005
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 Lomax
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $120/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$5/mo |
| 5-Year Cost | $7,776 | $5,820 |
| 25-Year Cost | $79,005 | $39,744 |
| 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
$39,261
Without Solar
With Solar
Year 1Payback Year
$1,440
$1,382
Year 5
$8,117
$863
Year 10
$18,980
$8,664
Year 15
$33,517
$17,437
Year 20
$52,971
$27,602
Year 25
$79,005
$39,744
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,440 | $1,382 | $58 |
| Year 2 | $2,966 | -$3,479 | $6,445 |
| Year 3 | $4,584 | -$2,055 | $6,640 |
| Year 4 | $6,299 | -$609 | $6,908 |
| Year 5 | $8,117 | $863 | $7,255 |
| Year 6 | $10,044 | $2,361 | $7,684 |
| Year 7 | $12,087 | $3,888 | $8,199 |
| Year 8 | $14,252 | $5,446 | $8,807 |
| Year 9 | $16,547 | $7,037 | $9,511 |
| Year 10 | $18,980 | $8,664 | $10,316 |
| Year 11 | $21,559 | $10,329 | $11,230 |
| Year 12 | $24,293 | $12,036 | $12,256 |
| Year 13 | $27,190 | $13,788 | $13,403 |
| Year 14 | $30,262 | $15,587 | $14,675 |
| Year 15 | $33,517 | $17,437 | $16,080 |
| Year 16 | $36,968 | $19,343 | $17,625 |
| Year 17 | $40,627 | $21,308 | $19,319 |
| Year 18 | $44,504 | $23,336 | $21,168 |
| Year 19 | $48,614 | $25,432 | $23,182 |
| Year 20 | $52,971 | $27,602 | $25,369 |
| Year 21 | $57,590 | $29,850 | $27,740 |
| Year 22 | $62,485 | $32,181 | $30,303 |
| Year 23 | $67,674 | $34,603 | $33,071 |
| Year 24 | $73,174 | $37,122 | $36,052 |
| Year 25 | $79,005 | $39,744 | $39,261 |
Start Saving in Lomax
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