How Much Can Solar Save in Millington?
Real numbers based on current ComEd rates and Illinois incentives.
$153
Current Bill/mo
$149
Est. Lease + Battery
5.2 yrs
Payback Period
$55,469
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
$153
Annual Cost
$1,836
25-Year Cost (No Solar)
$100,731
Your Solar Investment
6.5 kW System
$18,850
$9,498
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$7,402
With vs Without Solar in Millington
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $153/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$21/mo |
| 5-Year Cost | $9,914 | $6,840 |
| 25-Year Cost | $100,731 | $45,262 |
| 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
$55,469
Without Solar
With Solar
Year 1Payback Year
$1,836
$1,590
Year 5
$10,350
$783
Year 10
$24,200
$9,718
Year 15
$42,735
$19,750
Year 20
$67,538
$31,368
Year 25
$100,731
$45,263
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,836 | $1,590 | $246 |
| Year 2 | $3,782 | -$4,201 | $7,983 |
| Year 3 | $5,845 | -$2,566 | $8,411 |
| Year 4 | $8,032 | -$905 | $8,937 |
| Year 5 | $10,350 | $783 | $9,567 |
| Year 6 | $12,807 | $2,500 | $10,306 |
| Year 7 | $15,411 | $4,250 | $11,161 |
| Year 8 | $18,172 | $6,035 | $12,137 |
| Year 9 | $21,098 | $7,856 | $13,242 |
| Year 10 | $24,200 | $9,718 | $14,482 |
| Year 11 | $27,488 | $11,624 | $15,864 |
| Year 12 | $30,973 | $13,576 | $17,397 |
| Year 13 | $34,668 | $15,578 | $19,089 |
| Year 14 | $38,584 | $17,635 | $20,949 |
| Year 15 | $42,735 | $19,750 | $22,985 |
| Year 16 | $47,135 | $21,928 | $25,207 |
| Year 17 | $51,799 | $24,173 | $27,625 |
| Year 18 | $56,743 | $26,491 | $30,251 |
| Year 19 | $61,983 | $28,888 | $33,096 |
| Year 20 | $67,538 | $31,368 | $36,171 |
| Year 21 | $73,427 | $33,938 | $39,489 |
| Year 22 | $79,668 | $36,605 | $43,063 |
| Year 23 | $86,284 | $39,376 | $46,908 |
| Year 24 | $93,297 | $42,260 | $51,038 |
| Year 25 | $100,731 | $45,263 | $55,469 |
Start Saving in Millington
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