How Much Can Solar Save in London Mills?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$108
Current Bill/mo
$128
Est. Lease + Battery
6.9 yrs
Payback Period
$31,498
25-Year Savings
What You're Paying Now
Without solar, here's what Ameren Illinois electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$108
Annual Cost
$1,296
25-Year Cost (No Solar)
$71,104
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in London Mills
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $108/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-7/mo |
| 5-Year Cost | $6,998 | $5,820 |
| 25-Year Cost | $71,104 | $39,606 |
| 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
$31,498
Without Solar
With Solar
Year 1
$1,296
$1,376
Year 2Payback Year
$2,670
-$2,735
Year 5
$7,306
$1,576
Year 10
$17,082
$9,292
Year 15
$30,166
$17,918
Year 20
$47,674
$27,842
Year 25
$71,104
$39,607
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,296 | $1,376 | -$80 |
| Year 2Payback | $2,670 | -$2,735 | $5,405 |
| Year 3 | $4,126 | -$1,320 | $5,446 |
| Year 4 | $5,670 | $116 | $5,553 |
| Year 5 | $7,306 | $1,576 | $5,730 |
| Year 6 | $9,040 | $3,061 | $5,979 |
| Year 7 | $10,878 | $4,573 | $6,306 |
| Year 8 | $12,827 | $6,114 | $6,713 |
| Year 9 | $14,893 | $7,686 | $7,207 |
| Year 10 | $17,082 | $9,292 | $7,790 |
| Year 11 | $19,403 | $10,934 | $8,469 |
| Year 12 | $21,863 | $12,614 | $9,249 |
| Year 13 | $24,471 | $14,337 | $10,135 |
| Year 14 | $27,236 | $16,104 | $11,132 |
| Year 15 | $30,166 | $17,918 | $12,247 |
| Year 16 | $33,272 | $19,784 | $13,487 |
| Year 17 | $36,564 | $21,706 | $14,858 |
| Year 18 | $40,054 | $23,686 | $16,367 |
| Year 19 | $43,753 | $25,730 | $18,023 |
| Year 20 | $47,674 | $27,842 | $19,832 |
| Year 21 | $51,831 | $30,027 | $21,803 |
| Year 22 | $56,236 | $32,290 | $23,946 |
| Year 23 | $60,907 | $34,637 | $26,269 |
| Year 24 | $65,857 | $37,074 | $28,783 |
| Year 25 | $71,104 | $39,607 | $31,498 |
Start Saving in London Mills
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