How Much Can Solar Save in Loraine?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$116
Current Bill/mo
$131
Est. Lease + Battery
6.6 yrs
Payback Period
$34,794
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
$116
Annual Cost
$1,392
25-Year Cost (No Solar)
$76,371
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 Loraine
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $116/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-1/mo |
| 5-Year Cost | $7,517 | $5,820 |
| 25-Year Cost | $76,371 | $41,577 |
| 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
$34,794
Without Solar
With Solar
Year 1
$1,392
$1,407
Year 2Payback Year
$2,868
-$2,670
Year 5
$7,847
$1,756
Year 10
$18,348
$9,725
Year 15
$32,400
$18,706
Year 20
$51,206
$29,125
Year 25
$76,371
$41,578
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,392 | $1,407 | -$15 |
| Year 2Payback | $2,868 | -$2,670 | $5,537 |
| Year 3 | $4,432 | -$1,219 | $5,651 |
| Year 4 | $6,089 | $255 | $5,834 |
| Year 5 | $7,847 | $1,756 | $6,091 |
| Year 6 | $9,710 | $3,285 | $6,424 |
| Year 7 | $11,684 | $4,844 | $6,840 |
| Year 8 | $13,777 | $6,436 | $7,342 |
| Year 9 | $15,996 | $8,062 | $7,934 |
| Year 10 | $18,348 | $9,725 | $8,622 |
| Year 11 | $20,841 | $11,429 | $9,412 |
| Year 12 | $23,483 | $13,176 | $10,307 |
| Year 13 | $26,284 | $14,968 | $11,316 |
| Year 14 | $29,253 | $16,811 | $12,442 |
| Year 15 | $32,400 | $18,706 | $13,694 |
| Year 16 | $35,736 | $20,659 | $15,078 |
| Year 17 | $39,272 | $22,672 | $16,600 |
| Year 18 | $43,021 | $24,751 | $18,269 |
| Year 19 | $46,994 | $26,900 | $20,093 |
| Year 20 | $51,206 | $29,125 | $22,081 |
| Year 21 | $55,670 | $31,430 | $24,240 |
| Year 22 | $60,402 | $33,822 | $26,581 |
| Year 23 | $65,418 | $36,306 | $29,113 |
| Year 24 | $70,735 | $38,889 | $31,847 |
| Year 25 | $76,371 | $41,578 | $34,794 |
Start Saving in Loraine
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