How Much Can Solar Save in McCook?
Real numbers based on current ComEd rates and Illinois incentives.
$178
Current Bill/mo
$157
Est. Lease + Battery
5.4 yrs
Payback Period
$59,887
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
$178
Annual Cost
$2,136
25-Year Cost (No Solar)
$117,191
Your Solar Investment
7.5 kW System
$21,750
$10,959
After All IL Incentives
DG Rebate ($300/kW)-$2,250
Illinois Shines RECs (lump sum, ~18 mo)-$8,541
With vs Without Solar in McCook
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $178/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$17/mo |
| 5-Year Cost | $11,534 | $7,920 |
| 25-Year Cost | $117,191 | $57,304 |
| 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
$59,887
Without Solar
With Solar
Year 1Payback Year
$2,136
$1,933
Year 5
$12,041
$1,452
Year 10
$28,154
$12,483
Year 15
$49,717
$25,003
Year 20
$78,574
$39,647
Year 25
$117,191
$57,304
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,136 | $1,933 | $203 |
| Year 2 | $4,400 | -$4,645 | $9,045 |
| Year 3 | $6,800 | -$2,649 | $9,449 |
| Year 4 | $9,344 | -$617 | $9,962 |
| Year 5 | $12,041 | $1,452 | $10,588 |
| Year 6 | $14,899 | $3,563 | $11,336 |
| Year 7 | $17,929 | $5,718 | $12,211 |
| Year 8 | $21,141 | $7,921 | $13,220 |
| Year 9 | $24,545 | $10,175 | $14,371 |
| Year 10 | $28,154 | $12,483 | $15,671 |
| Year 11 | $31,979 | $14,851 | $17,129 |
| Year 12 | $36,034 | $17,282 | $18,752 |
| Year 13 | $40,332 | $19,781 | $20,552 |
| Year 14 | $44,888 | $22,353 | $22,535 |
| Year 15 | $49,717 | $25,003 | $24,714 |
| Year 16 | $54,837 | $27,738 | $27,099 |
| Year 17 | $60,263 | $30,563 | $29,700 |
| Year 18 | $66,014 | $33,484 | $32,530 |
| Year 19 | $72,111 | $36,510 | $35,601 |
| Year 20 | $78,574 | $39,647 | $38,927 |
| Year 21 | $85,424 | $42,903 | $42,521 |
| Year 22 | $92,686 | $46,288 | $46,398 |
| Year 23 | $100,383 | $49,809 | $50,574 |
| Year 24 | $108,542 | $53,478 | $55,064 |
| Year 25 | $117,191 | $57,304 | $59,887 |
Start Saving in McCook
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