How Much Can Solar Save in Magnolia?
Real numbers based on current ComEd rates and Illinois incentives.
$133
Current Bill/mo
$138
Est. Lease + Battery
5.6 yrs
Payback Period
$45,654
25-Year Savings
What You're Paying Now
Without solar, here's what ComEd electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$133
Annual Cost
$1,596
25-Year Cost (No Solar)
$87,564
Your Solar Investment
6 kW System
$17,400
$8,767
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,833
With vs Without Solar in Magnolia
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $133/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$10/mo |
| 5-Year Cost | $8,618 | $6,300 |
| 25-Year Cost | $87,564 | $41,910 |
| 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
$45,654
Without Solar
With Solar
Year 1Payback Year
$1,596
$1,478
Year 5
$8,997
$773
Year 10
$21,037
$9,069
Year 15
$37,148
$18,367
Year 20
$58,710
$29,107
Year 25
$87,564
$41,909
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,596 | $1,478 | $118 |
| Year 2 | $3,288 | -$3,858 | $7,146 |
| Year 3 | $5,081 | -$2,338 | $7,419 |
| Year 4 | $6,982 | -$795 | $7,777 |
| Year 5 | $8,997 | $773 | $8,224 |
| Year 6 | $11,133 | $2,368 | $8,764 |
| Year 7 | $13,397 | $3,993 | $9,403 |
| Year 8 | $15,796 | $5,650 | $10,146 |
| Year 9 | $18,340 | $7,341 | $10,999 |
| Year 10 | $21,037 | $9,069 | $11,968 |
| Year 11 | $23,895 | $10,836 | $13,058 |
| Year 12 | $26,924 | $12,646 | $14,278 |
| Year 13 | $30,136 | $14,503 | $15,633 |
| Year 14 | $33,540 | $16,408 | $17,132 |
| Year 15 | $37,148 | $18,367 | $18,782 |
| Year 16 | $40,973 | $20,382 | $20,591 |
| Year 17 | $45,028 | $22,460 | $22,568 |
| Year 18 | $49,325 | $24,603 | $24,723 |
| Year 19 | $53,881 | $26,817 | $27,064 |
| Year 20 | $58,710 | $29,107 | $29,603 |
| Year 21 | $63,828 | $31,479 | $32,350 |
| Year 22 | $69,254 | $33,938 | $35,316 |
| Year 23 | $75,005 | $36,492 | $38,514 |
| Year 24 | $81,102 | $39,146 | $41,955 |
| Year 25 | $87,564 | $41,909 | $45,654 |
Start Saving in Magnolia
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