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
23+ yrs
Years of Pure Profit
$34,648
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
$19,250
$10,141
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,009
With vs Without Solar in Melvin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $116/mo | $116/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-14/mo |
| 5-Year Cost | $7,517 | $6,960 |
| 25-Year Cost | $76,371 | $41,723 |
| 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) |
Calculate YOUR Savings
Enter your actual ComEd bill to see a personalized 25-year savings projection.
More Solar Resources for Melvin
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