How Much Can Solar Save in Lovington?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$116
Current Bill/mo
$133
Est. Lease + Battery
6.4 yrs
Payback Period
$36,258
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 Lovington
| 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 | $40,113 |
| 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
$36,258
Without Solar
With Solar
Year 1Payback Year
$1,392
$1,378
Year 5
$7,847
$1,596
Year 10
$18,348
$9,356
Year 15
$32,400
$18,064
Year 20
$51,206
$28,126
Year 25
$76,371
$40,114
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,392 | $1,378 | $14 |
| Year 2 | $2,868 | -$2,729 | $5,597 |
| Year 3 | $4,432 | -$1,310 | $5,742 |
| Year 4 | $6,089 | $131 | $5,959 |
| Year 5 | $7,847 | $1,596 | $6,251 |
| Year 6 | $9,710 | $3,087 | $6,622 |
| Year 7 | $11,684 | $4,607 | $7,077 |
| Year 8 | $13,777 | $6,157 | $7,621 |
| Year 9 | $15,996 | $7,739 | $8,257 |
| Year 10 | $18,348 | $9,356 | $8,992 |
| Year 11 | $20,841 | $11,011 | $9,830 |
| Year 12 | $23,483 | $12,706 | $10,777 |
| Year 13 | $26,284 | $14,444 | $11,840 |
| Year 14 | $29,253 | $16,229 | $13,024 |
| Year 15 | $32,400 | $18,064 | $14,337 |
| Year 16 | $35,736 | $19,952 | $15,784 |
| Year 17 | $39,272 | $21,898 | $17,374 |
| Year 18 | $43,021 | $23,906 | $19,114 |
| Year 19 | $46,994 | $25,981 | $21,013 |
| Year 20 | $51,206 | $28,126 | $23,080 |
| Year 21 | $55,670 | $30,348 | $25,322 |
| Year 22 | $60,402 | $32,651 | $27,751 |
| Year 23 | $65,418 | $35,043 | $30,376 |
| Year 24 | $70,735 | $37,528 | $33,207 |
| Year 25 | $76,371 | $40,114 | $36,258 |
Start Saving in Lovington
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Ameren Illinois rates projected to rise again next year. Lock in savings now.