How Much Can Solar Save in Milton?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$112
Current Bill/mo
$132
Est. Lease + Battery
7.1 yrs
Payback Period
$32,952
25-Year Savings
What You're Paying Now
Without solar, here's what Ameren Illinois electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$112
Annual Cost
$1,344
25-Year Cost (No Solar)
$73,738
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Milton
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $112/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-10/mo |
| 5-Year Cost | $7,258 | $6,300 |
| 25-Year Cost | $73,738 | $40,786 |
| 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
$32,952
Without Solar
With Solar
Year 1
$1,344
$1,459
Year 2Payback Year
$2,769
-$3,070
Year 5
$7,576
$1,480
Year 10
$17,715
$9,572
Year 15
$31,283
$18,541
Year 20
$49,440
$28,767
Year 25
$73,738
$40,786
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,344 | $1,459 | -$115 |
| Year 2Payback | $2,769 | -$3,070 | $5,839 |
| Year 3 | $4,279 | -$1,574 | $5,853 |
| Year 4 | $5,879 | -$58 | $5,938 |
| Year 5 | $7,576 | $1,480 | $6,096 |
| Year 6 | $9,375 | $3,043 | $6,332 |
| Year 7 | $11,281 | $4,631 | $6,650 |
| Year 8 | $13,302 | $6,248 | $7,055 |
| Year 9 | $15,444 | $7,894 | $7,550 |
| Year 10 | $17,715 | $9,572 | $8,143 |
| Year 11 | $20,122 | $11,286 | $8,836 |
| Year 12 | $22,673 | $13,036 | $9,637 |
| Year 13 | $25,378 | $14,827 | $10,551 |
| Year 14 | $28,244 | $16,661 | $11,584 |
| Year 15 | $31,283 | $18,541 | $12,742 |
| Year 16 | $34,504 | $20,471 | $14,033 |
| Year 17 | $37,918 | $22,454 | $15,464 |
| Year 18 | $41,537 | $24,495 | $17,042 |
| Year 19 | $45,373 | $26,598 | $18,776 |
| Year 20 | $49,440 | $28,767 | $20,673 |
| Year 21 | $53,750 | $31,006 | $22,744 |
| Year 22 | $58,319 | $33,323 | $24,997 |
| Year 23 | $63,162 | $35,720 | $27,442 |
| Year 24 | $68,296 | $38,206 | $30,090 |
| Year 25 | $73,738 | $40,786 | $32,952 |
Start Saving in Milton
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