How Much Can Solar Save in Milford?
Real numbers based on current ComEd rates and Illinois incentives.
$115
Current Bill/mo
$125
Est. Lease + Battery
5.7 yrs
Payback Period
$37,024
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
$115
Annual Cost
$1,380
25-Year Cost (No Solar)
$75,713
Your Solar Investment
5 kW System
$14,500
$7,306
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,694
With vs Without Solar in Milford
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $115/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $7,452 | $5,280 |
| 25-Year Cost | $75,713 | $38,689 |
| 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
$37,024
Without Solar
With Solar
Year 1Payback Year
$1,380
$1,301
Year 5
$7,779
$1,038
Year 10
$18,189
$8,474
Year 15
$32,121
$16,918
Year 20
$50,764
$26,791
Year 25
$75,713
$38,689
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,380 | $1,301 | $79 |
| Year 2 | $2,843 | -$3,070 | $5,913 |
| Year 3 | $4,393 | -$1,726 | $6,119 |
| Year 4 | $6,037 | -$357 | $6,394 |
| Year 5 | $7,779 | $1,038 | $6,741 |
| Year 6 | $9,626 | $2,460 | $7,165 |
| Year 7 | $11,583 | $3,913 | $7,670 |
| Year 8 | $13,659 | $5,398 | $8,260 |
| Year 9 | $15,858 | $6,918 | $8,940 |
| Year 10 | $18,189 | $8,474 | $9,715 |
| Year 11 | $20,661 | $10,071 | $10,590 |
| Year 12 | $23,281 | $11,710 | $11,570 |
| Year 13 | $26,057 | $13,395 | $12,662 |
| Year 14 | $29,001 | $15,130 | $13,871 |
| Year 15 | $32,121 | $16,918 | $15,203 |
| Year 16 | $35,428 | $18,762 | $16,666 |
| Year 17 | $38,934 | $20,667 | $18,267 |
| Year 18 | $42,650 | $22,637 | $20,013 |
| Year 19 | $46,589 | $24,677 | $21,912 |
| Year 20 | $50,764 | $26,791 | $23,973 |
| Year 21 | $55,190 | $28,986 | $26,203 |
| Year 22 | $59,881 | $31,267 | $28,614 |
| Year 23 | $64,854 | $33,640 | $31,214 |
| Year 24 | $70,125 | $36,112 | $34,014 |
| Year 25 | $75,713 | $38,689 | $37,024 |
Start Saving in Milford
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