How Much Can Solar Save in New Salem?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$120
Current Bill/mo
$137
Est. Lease + Battery
7.5 yrs
Payback Period
$33,576
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
$120
Annual Cost
$1,440
25-Year Cost (No Solar)
$79,005
Your Solar Investment
7 kW System
$20,300
$11,194
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,006
With vs Without Solar in New Salem
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $120/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-19/mo |
| 5-Year Cost | $7,776 | $7,380 |
| 25-Year Cost | $79,005 | $45,429 |
| 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
$33,576
Without Solar
With Solar
Year 1
$1,440
$1,669
Year 2Payback Year
$2,966
-$3,649
Year 5
$8,117
$1,539
Year 10
$18,980
$10,709
Year 15
$33,517
$20,788
Year 20
$52,971
$32,174
Year 25
$79,005
$45,429
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,440 | $1,669 | -$229 |
| Year 2Payback | $2,966 | -$3,649 | $6,615 |
| Year 3 | $4,584 | -$1,942 | $6,526 |
| Year 4 | $6,299 | -$213 | $6,513 |
| Year 5 | $8,117 | $1,539 | $6,579 |
| Year 6 | $10,044 | $3,315 | $6,730 |
| Year 7 | $12,087 | $5,118 | $6,969 |
| Year 8 | $14,252 | $6,950 | $7,302 |
| Year 9 | $16,547 | $8,813 | $7,735 |
| Year 10 | $18,980 | $10,709 | $8,271 |
| Year 11 | $21,559 | $12,642 | $8,918 |
| Year 12 | $24,293 | $14,613 | $9,680 |
| Year 13 | $27,190 | $16,625 | $10,565 |
| Year 14 | $30,262 | $18,683 | $11,579 |
| Year 15 | $33,517 | $20,788 | $12,729 |
| Year 16 | $36,968 | $22,946 | $14,023 |
| Year 17 | $40,627 | $25,159 | $15,468 |
| Year 18 | $44,504 | $27,431 | $17,073 |
| Year 19 | $48,614 | $29,768 | $18,846 |
| Year 20 | $52,971 | $32,174 | $20,797 |
| Year 21 | $57,590 | $34,654 | $22,935 |
| Year 22 | $62,485 | $37,214 | $25,271 |
| Year 23 | $67,674 | $39,858 | $27,816 |
| Year 24 | $73,174 | $42,595 | $30,580 |
| Year 25 | $79,005 | $45,429 | $33,576 |
Start Saving in New Salem
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Ameren Illinois rates projected to rise again next year. Lock in savings now.