How Much Can Solar Save in Melvin?
Real numbers based on current ComEd rates and Illinois incentives.
$116
Current Bill/mo
$130
Est. Lease + Battery
7.1 yrs
Payback Period
$33,484
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
$116
Annual Cost
$1,392
25-Year Cost (No Solar)
$76,371
Your Solar Investment
7 kW System
$20,300
$10,228
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,972
With vs Without Solar in Melvin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $116/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-21/mo |
| 5-Year Cost | $7,517 | $7,380 |
| 25-Year Cost | $76,371 | $42,887 |
| 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
$33,484
Without Solar
With Solar
Year 1
$1,392
$1,642
Year 2Payback Year
$2,868
-$4,671
Year 5
$7,847
$418
Year 10
$18,348
$9,378
Year 15
$32,400
$19,169
Year 20
$51,206
$30,165
Year 25
$76,371
$42,888
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,392 | $1,642 | -$250 |
| Year 2Payback | $2,868 | -$4,671 | $7,539 |
| Year 3 | $4,432 | -$2,995 | $7,426 |
| Year 4 | $6,089 | -$1,299 | $7,388 |
| Year 5 | $7,847 | $418 | $7,429 |
| Year 6 | $9,710 | $2,157 | $7,553 |
| Year 7 | $11,684 | $3,921 | $7,763 |
| Year 8 | $13,777 | $5,711 | $8,067 |
| Year 9 | $15,996 | $7,529 | $8,467 |
| Year 10 | $18,348 | $9,378 | $8,970 |
| Year 11 | $20,841 | $11,259 | $9,581 |
| Year 12 | $23,483 | $13,177 | $10,306 |
| Year 13 | $26,284 | $15,132 | $11,152 |
| Year 14 | $29,253 | $17,129 | $12,124 |
| Year 15 | $32,400 | $19,169 | $13,231 |
| Year 16 | $35,736 | $21,258 | $14,478 |
| Year 17 | $39,272 | $23,398 | $15,875 |
| Year 18 | $43,021 | $25,593 | $17,428 |
| Year 19 | $46,994 | $27,847 | $19,147 |
| Year 20 | $51,206 | $30,165 | $21,041 |
| Year 21 | $55,670 | $32,551 | $23,119 |
| Year 22 | $60,402 | $35,011 | $25,391 |
| Year 23 | $65,418 | $37,550 | $27,869 |
| Year 24 | $70,735 | $40,173 | $30,562 |
| Year 25 | $76,371 | $42,888 | $33,484 |
Start Saving in Melvin
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