How Much Can Solar Save in Mount Carmel?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$117
Current Bill/mo
$137
Est. Lease + Battery
6.2 yrs
Payback Period
$39,663
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
$117
Annual Cost
$1,404
25-Year Cost (No Solar)
$77,030
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Mount Carmel
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $117/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $7,582 | $5,820 |
| 25-Year Cost | $77,030 | $37,367 |
| 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
$39,663
Without Solar
With Solar
Year 1Payback Year
$1,404
$1,323
Year 5
$7,914
$1,291
Year 10
$18,506
$8,655
Year 15
$32,679
$16,848
Year 20
$51,647
$26,244
Year 25
$77,030
$37,367
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,404 | $1,323 | $81 |
| Year 2 | $2,892 | -$2,842 | $5,734 |
| Year 3 | $4,470 | -$1,484 | $5,954 |
| Year 4 | $6,142 | -$107 | $6,249 |
| Year 5 | $7,914 | $1,291 | $6,624 |
| Year 6 | $9,793 | $2,711 | $7,082 |
| Year 7 | $11,785 | $4,156 | $7,629 |
| Year 8 | $13,896 | $5,626 | $8,270 |
| Year 9 | $16,134 | $7,125 | $9,009 |
| Year 10 | $18,506 | $8,655 | $9,851 |
| Year 11 | $21,020 | $10,217 | $10,803 |
| Year 12 | $23,685 | $11,815 | $11,871 |
| Year 13 | $26,511 | $13,450 | $13,060 |
| Year 14 | $29,505 | $15,127 | $14,378 |
| Year 15 | $32,679 | $16,848 | $15,831 |
| Year 16 | $36,044 | $18,617 | $17,427 |
| Year 17 | $39,611 | $20,437 | $19,174 |
| Year 18 | $43,392 | $22,312 | $21,080 |
| Year 19 | $47,399 | $24,246 | $23,153 |
| Year 20 | $51,647 | $26,244 | $25,403 |
| Year 21 | $56,150 | $28,310 | $27,840 |
| Year 22 | $60,923 | $30,450 | $30,473 |
| Year 23 | $65,982 | $32,669 | $33,313 |
| Year 24 | $71,345 | $34,972 | $36,373 |
| Year 25 | $77,030 | $37,367 | $39,663 |
Start Saving in Mount Carmel
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