How Much Can Solar Save in Monmouth?
Real numbers based on current ComEd rates and Illinois incentives.
$124
Current Bill/mo
$132
Est. Lease + Battery
5.2 yrs
Payback Period
$43,789
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
$124
Annual Cost
$1,488
25-Year Cost (No Solar)
$81,638
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 Monmouth
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $124/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$18/mo |
| 5-Year Cost | $8,035 | $5,280 |
| 25-Year Cost | $81,638 | $37,849 |
| 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
$43,789
Without Solar
With Solar
Year 1Payback Year
$1,488
$1,277
Year 5
$8,388
$906
Year 10
$19,613
$8,190
Year 15
$34,635
$16,462
Year 20
$54,737
$26,149
Year 25
$81,638
$37,850
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,488 | $1,277 | $211 |
| Year 2 | $3,065 | -$3,121 | $6,186 |
| Year 3 | $4,737 | -$1,803 | $6,540 |
| Year 4 | $6,509 | -$461 | $6,970 |
| Year 5 | $8,388 | $906 | $7,482 |
| Year 6 | $10,379 | $2,300 | $8,079 |
| Year 7 | $12,490 | $3,723 | $8,767 |
| Year 8 | $14,727 | $5,177 | $9,550 |
| Year 9 | $17,099 | $6,666 | $10,433 |
| Year 10 | $19,613 | $8,190 | $11,423 |
| Year 11 | $22,278 | $9,754 | $12,524 |
| Year 12 | $25,102 | $11,360 | $13,743 |
| Year 13 | $28,097 | $13,011 | $15,086 |
| Year 14 | $31,270 | $14,711 | $16,560 |
| Year 15 | $34,635 | $16,462 | $18,172 |
| Year 16 | $38,201 | $18,270 | $19,931 |
| Year 17 | $41,981 | $20,138 | $21,843 |
| Year 18 | $45,988 | $22,071 | $23,917 |
| Year 19 | $50,235 | $24,072 | $26,162 |
| Year 20 | $54,737 | $26,149 | $28,588 |
| Year 21 | $59,509 | $28,305 | $31,204 |
| Year 22 | $64,568 | $30,547 | $34,021 |
| Year 23 | $69,930 | $32,880 | $37,050 |
| Year 24 | $75,614 | $35,312 | $40,302 |
| Year 25 | $81,638 | $37,850 | $43,789 |
Start Saving in Monmouth
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