How Much Can Solar Save in Ludlow?

Real numbers based on current Ameren Illinois rates and Illinois incentives.

$111
Current Bill/mo
$132
Est. Lease + Battery
7 yrs
Payback Period
$33,184
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

$111

Annual Cost

$1,332

25-Year Cost (No Solar)

$73,080

Your Solar Investment

6 kW System

$17,400

$9,595

After All IL Incentives

DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005

With vs Without Solar in Ludlow

MetricWithout SolarWith Solar
Monthly Cost$111/mo$105/mo (loan)
Monthly Cash Flow-$0 (all to utility)$-9/mo
5-Year Cost$7,193$6,300
25-Year Cost$73,080$39,896
Rate ControlNone — utility sets ratesFixed at $0.10/kWh (avg.) for 15 years
Home Value ImpactNone+$15,000–$25,000 (tax-exempt)

Your Solar Savings Over Time

Estimated 25-Year Total Savings

$33,184

Without Solar
With Solar
Year 1
$1,332
$1,442
Year 2Payback Year
$2,744
-$3,104
Year 5
$7,509
$1,387
Year 10
$17,557
$9,356
Year 15
$31,004
$18,160
Year 20
$48,998
$28,167
Year 25
$73,080
$39,895
YearWithout SolarWith SolarCumulative Savings
Year 1$1,332$1,442-$110
Year 2Payback$2,744-$3,104$5,848
Year 3$4,241-$1,627$5,868
Year 4$5,827-$130$5,957
Year 5$7,509$1,387$6,121
Year 6$9,291$2,928$6,363
Year 7$11,181$4,493$6,688
Year 8$13,183$6,085$7,099
Year 9$15,306$7,705$7,602
Year 10$17,557$9,356$8,201
Year 11$19,942$11,040$8,903
Year 12$22,471$12,759$9,712
Year 13$25,151$14,517$10,634
Year 14$27,992$16,316$11,676
Year 15$31,004$18,160$12,844
Year 16$34,196$20,051$14,145
Year 17$37,580$21,993$15,587
Year 18$41,166$23,990$17,176
Year 19$44,968$26,047$18,921
Year 20$48,998$28,167$20,832
Year 21$53,270$30,355$22,915
Year 22$57,799$32,616$25,182
Year 23$62,598$34,956$27,642
Year 24$67,686$37,381$30,306
Year 25$73,080$39,895$33,184

Start Saving in Ludlow

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Ameren Illinois rates projected to rise again next year. Lock in savings now.