How Much Can Solar Save in New Minden?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$119
Current Bill/mo
$137
Est. Lease + Battery
6.6 yrs
Payback Period
$37,663
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
$119
Annual Cost
$1,428
25-Year Cost (No Solar)
$78,347
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in New Minden
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $119/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-2/mo |
| 5-Year Cost | $7,711 | $6,300 |
| 25-Year Cost | $78,347 | $40,684 |
| 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
$37,663
Without Solar
With Solar
Year 1
$1,428
$1,450
Year 2Payback Year
$2,942
-$3,087
Year 5
$8,050
$1,438
Year 10
$18,822
$9,491
Year 15
$33,238
$18,429
Year 20
$52,530
$28,643
Year 25
$78,347
$40,684
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,428 | $1,450 | -$22 |
| Year 2Payback | $2,942 | -$3,087 | $6,029 |
| Year 3 | $4,546 | -$1,600 | $6,146 |
| Year 4 | $6,247 | -$92 | $6,339 |
| Year 5 | $8,050 | $1,438 | $6,612 |
| Year 6 | $9,961 | $2,992 | $6,968 |
| Year 7 | $11,986 | $4,573 | $7,414 |
| Year 8 | $14,134 | $6,181 | $7,953 |
| Year 9 | $16,410 | $7,820 | $8,590 |
| Year 10 | $18,822 | $9,491 | $9,332 |
| Year 11 | $21,380 | $11,197 | $10,183 |
| Year 12 | $24,090 | $12,941 | $11,150 |
| Year 13 | $26,964 | $14,725 | $12,239 |
| Year 14 | $30,010 | $16,553 | $13,456 |
| Year 15 | $33,238 | $18,429 | $14,810 |
| Year 16 | $36,660 | $20,354 | $16,306 |
| Year 17 | $40,288 | $22,334 | $17,954 |
| Year 18 | $44,133 | $24,373 | $19,760 |
| Year 19 | $48,209 | $26,474 | $21,735 |
| Year 20 | $52,530 | $28,643 | $23,887 |
| Year 21 | $57,110 | $30,884 | $26,226 |
| Year 22 | $61,964 | $33,202 | $28,762 |
| Year 23 | $67,110 | $35,604 | $31,506 |
| Year 24 | $72,565 | $38,096 | $34,468 |
| Year 25 | $78,347 | $40,684 | $37,663 |
Start Saving in New Minden
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