How Much Can Solar Save in Morton Grove?
Real numbers based on current ComEd rates and Illinois incentives.
$205
Current Bill/mo
$173
Est. Lease + Battery
5.5 yrs
Payback Period
$70,504
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
$205
Annual Cost
$2,460
25-Year Cost (No Solar)
$134,967
Your Solar Investment
9 kW System
$26,100
$13,151
After All IL Incentives
DG Rebate ($300/kW)-$2,700
Illinois Shines RECs (lump sum, ~18 mo)-$10,249
With vs Without Solar in Morton Grove
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $205/mo | $158/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$18/mo |
| 5-Year Cost | $13,284 | $9,480 |
| 25-Year Cost | $134,967 | $64,463 |
| 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
$70,504
Without Solar
With Solar
Year 1Payback Year
$2,460
$2,243
Year 5
$13,867
$1,310
Year 10
$32,425
$13,963
Year 15
$57,259
$28,199
Year 20
$90,493
$44,708
Year 25
$134,967
$64,463
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,460 | $2,243 | $217 |
| Year 2 | $5,068 | -$5,732 | $10,799 |
| Year 3 | $7,832 | -$3,423 | $11,254 |
| Year 4 | $10,762 | -$1,076 | $11,838 |
| Year 5 | $13,867 | $1,310 | $12,557 |
| Year 6 | $17,159 | $3,740 | $13,419 |
| Year 7 | $20,649 | $6,216 | $14,432 |
| Year 8 | $24,348 | $8,743 | $15,605 |
| Year 9 | $28,269 | $11,324 | $16,945 |
| Year 10 | $32,425 | $13,963 | $18,462 |
| Year 11 | $36,830 | $16,665 | $20,165 |
| Year 12 | $41,500 | $19,434 | $22,066 |
| Year 13 | $46,450 | $22,276 | $24,174 |
| Year 14 | $51,697 | $25,195 | $26,502 |
| Year 15 | $57,259 | $28,199 | $29,060 |
| Year 16 | $63,154 | $31,292 | $31,862 |
| Year 17 | $69,404 | $34,483 | $34,921 |
| Year 18 | $76,028 | $37,777 | $38,251 |
| Year 19 | $83,050 | $41,182 | $41,867 |
| Year 20 | $90,493 | $44,708 | $45,785 |
| Year 21 | $98,382 | $48,362 | $50,020 |
| Year 22 | $106,745 | $52,154 | $54,591 |
| Year 23 | $115,610 | $56,094 | $59,515 |
| Year 24 | $125,006 | $60,193 | $64,813 |
| Year 25 | $134,967 | $64,463 | $70,504 |
Start Saving in Morton Grove
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