How Much Can Solar Save in Louisville?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$115
Current Bill/mo
$133
Est. Lease + Battery
6 yrs
Payback Period
$38,078
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
$115
Annual Cost
$1,380
25-Year Cost (No Solar)
$75,713
Your Solar Investment
5 kW System
$14,500
$7,995
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,005
With vs Without Solar in Louisville
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $115/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$9/mo |
| 5-Year Cost | $7,452 | $5,280 |
| 25-Year Cost | $75,713 | $37,635 |
| 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
$38,078
Without Solar
With Solar
Year 1Payback Year
$1,380
$1,267
Year 5
$7,779
$1,536
Year 10
$18,189
$8,723
Year 15
$32,121
$16,842
Year 20
$50,764
$26,292
Year 25
$75,713
$37,635
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,380 | $1,267 | $113 |
| Year 2 | $2,843 | -$2,452 | $5,295 |
| Year 3 | $4,393 | -$1,145 | $5,539 |
| Year 4 | $6,037 | $184 | $5,853 |
| Year 5 | $7,779 | $1,536 | $6,243 |
| Year 6 | $9,626 | $2,914 | $6,712 |
| Year 7 | $11,583 | $4,320 | $7,264 |
| Year 8 | $13,659 | $5,755 | $7,904 |
| Year 9 | $15,858 | $7,222 | $8,636 |
| Year 10 | $18,189 | $8,723 | $9,466 |
| Year 11 | $20,661 | $10,262 | $10,399 |
| Year 12 | $23,281 | $11,840 | $11,441 |
| Year 13 | $26,057 | $13,460 | $12,597 |
| Year 14 | $29,001 | $15,126 | $13,874 |
| Year 15 | $32,121 | $16,842 | $15,279 |
| Year 16 | $35,428 | $18,610 | $16,818 |
| Year 17 | $38,934 | $20,435 | $18,499 |
| Year 18 | $42,650 | $22,320 | $20,330 |
| Year 19 | $46,589 | $24,271 | $22,318 |
| Year 20 | $50,764 | $26,292 | $24,472 |
| Year 21 | $55,190 | $28,387 | $26,803 |
| Year 22 | $59,881 | $30,564 | $29,318 |
| Year 23 | $64,854 | $32,826 | $32,028 |
| Year 24 | $70,125 | $35,181 | $34,944 |
| Year 25 | $75,713 | $37,635 | $38,078 |
Start Saving in Louisville
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Ameren Illinois rates projected to rise again next year. Lock in savings now.