How Much Can Solar Save in Neoga?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$123
Current Bill/mo
$136
Est. Lease + Battery
6.2 yrs
Payback Period
$38,680
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
$123
Annual Cost
$1,476
25-Year Cost (No Solar)
$80,980
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 Neoga
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $123/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$5/mo |
| 5-Year Cost | $7,970 | $5,820 |
| 25-Year Cost | $80,980 | $42,300 |
| 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
$38,680
Without Solar
With Solar
Year 1Payback Year
$1,476
$1,415
Year 5
$8,320
$1,804
Year 10
$19,455
$9,852
Year 15
$34,355
$18,955
Year 20
$54,296
$29,563
Year 25
$80,980
$42,300
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,476 | $1,415 | $61 |
| Year 2 | $3,041 | -$2,654 | $5,694 |
| Year 3 | $4,699 | -$1,194 | $5,893 |
| Year 4 | $6,457 | $292 | $6,165 |
| Year 5 | $8,320 | $1,804 | $6,516 |
| Year 6 | $10,296 | $3,346 | $6,950 |
| Year 7 | $12,389 | $4,919 | $7,470 |
| Year 8 | $14,609 | $6,526 | $8,083 |
| Year 9 | $16,961 | $8,169 | $8,792 |
| Year 10 | $19,455 | $9,852 | $9,603 |
| Year 11 | $22,098 | $11,576 | $10,522 |
| Year 12 | $24,900 | $13,345 | $11,555 |
| Year 13 | $27,870 | $15,162 | $12,708 |
| Year 14 | $31,018 | $17,031 | $13,987 |
| Year 15 | $34,355 | $18,955 | $15,400 |
| Year 16 | $37,893 | $20,940 | $16,953 |
| Year 17 | $41,642 | $22,988 | $18,655 |
| Year 18 | $45,617 | $25,104 | $20,513 |
| Year 19 | $49,830 | $27,294 | $22,536 |
| Year 20 | $54,296 | $29,563 | $24,733 |
| Year 21 | $59,029 | $31,916 | $27,113 |
| Year 22 | $64,047 | $34,360 | $29,687 |
| Year 23 | $69,366 | $36,900 | $32,466 |
| Year 24 | $75,004 | $39,544 | $35,459 |
| Year 25 | $80,980 | $42,300 | $38,680 |
Start Saving in Neoga
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