How Much Can Solar Save in Monticello?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$148
Current Bill/mo
$148
Est. Lease + Battery
6.2 yrs
Payback Period
$46,392
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
$148
Annual Cost
$1,776
25-Year Cost (No Solar)
$97,439
Your Solar Investment
6.5 kW System
$18,850
$10,394
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$6,506
With vs Without Solar in Monticello
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $148/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $9,590 | $6,840 |
| 25-Year Cost | $97,439 | $51,047 |
| 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
$46,392
Without Solar
With Solar
Year 1Payback Year
$1,776
$1,690
Year 5
$10,011
$2,236
Year 10
$23,409
$11,888
Year 15
$41,338
$22,840
Year 20
$65,331
$35,638
Year 25
$97,439
$51,047
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,776 | $1,690 | $86 |
| Year 2 | $3,659 | -$3,098 | $6,757 |
| Year 3 | $5,654 | -$1,352 | $7,006 |
| Year 4 | $7,769 | $425 | $7,344 |
| Year 5 | $10,011 | $2,236 | $7,775 |
| Year 6 | $12,388 | $4,083 | $8,305 |
| Year 7 | $14,907 | $5,969 | $8,939 |
| Year 8 | $17,578 | $7,896 | $9,682 |
| Year 9 | $20,409 | $9,868 | $10,540 |
| Year 10 | $23,409 | $11,888 | $11,521 |
| Year 11 | $26,590 | $13,960 | $12,630 |
| Year 12 | $29,961 | $16,087 | $13,874 |
| Year 13 | $33,535 | $18,273 | $15,262 |
| Year 14 | $37,323 | $20,522 | $16,800 |
| Year 15 | $41,338 | $22,840 | $18,498 |
| Year 16 | $45,594 | $25,231 | $20,363 |
| Year 17 | $50,106 | $27,701 | $22,405 |
| Year 18 | $54,888 | $30,254 | $24,634 |
| Year 19 | $59,958 | $32,898 | $27,060 |
| Year 20 | $65,331 | $35,638 | $29,693 |
| Year 21 | $71,027 | $38,482 | $32,545 |
| Year 22 | $77,065 | $41,437 | $35,628 |
| Year 23 | $83,465 | $44,510 | $38,954 |
| Year 24 | $90,248 | $47,711 | $42,538 |
| Year 25 | $97,439 | $51,047 | $46,392 |
Start Saving in Monticello
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Ameren Illinois rates projected to rise again next year. Lock in savings now.