How Much Can Solar Save in Melrose Park?
Real numbers based on current ComEd rates and Illinois incentives.
$171
Current Bill/mo
$152
Est. Lease + Battery
5.7 yrs
Payback Period
$55,167
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
$171
Annual Cost
$2,052
25-Year Cost (No Solar)
$112,582
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 Melrose Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $171/mo | $132/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$9/mo |
| 5-Year Cost | $11,081 | $7,920 |
| 25-Year Cost | $112,582 | $57,415 |
| 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
$55,167
Without Solar
With Solar
Year 1Payback Year
$2,052
$1,941
Year 5
$11,567
$1,496
Year 10
$27,047
$12,567
Year 15
$47,762
$25,120
Year 20
$75,484
$39,778
Year 25
$112,582
$57,415
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,052 | $1,941 | $111 |
| Year 2 | $4,227 | -$4,628 | $8,855 |
| Year 3 | $6,533 | -$2,623 | $9,156 |
| Year 4 | $8,977 | -$583 | $9,559 |
| Year 5 | $11,567 | $1,496 | $10,072 |
| Year 6 | $14,313 | $3,615 | $10,698 |
| Year 7 | $17,224 | $5,779 | $11,446 |
| Year 8 | $20,310 | $7,989 | $12,320 |
| Year 9 | $23,580 | $10,251 | $13,329 |
| Year 10 | $27,047 | $12,567 | $14,480 |
| Year 11 | $30,722 | $14,942 | $15,779 |
| Year 12 | $34,617 | $17,380 | $17,237 |
| Year 13 | $38,746 | $19,886 | $18,860 |
| Year 14 | $43,123 | $22,464 | $20,659 |
| Year 15 | $47,762 | $25,120 | $22,643 |
| Year 16 | $52,680 | $27,859 | $24,821 |
| Year 17 | $57,893 | $30,688 | $27,205 |
| Year 18 | $63,418 | $33,612 | $29,806 |
| Year 19 | $69,276 | $36,640 | $32,636 |
| Year 20 | $75,484 | $39,778 | $35,706 |
| Year 21 | $82,065 | $43,033 | $39,032 |
| Year 22 | $89,041 | $46,416 | $42,625 |
| Year 23 | $96,435 | $49,934 | $46,502 |
| Year 24 | $104,274 | $53,597 | $50,677 |
| Year 25 | $112,582 | $57,415 | $55,167 |
Start Saving in Melrose Park
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