How Much Can Solar Save in Newark?
Real numbers based on current ComEd rates and Illinois incentives.
$159
Current Bill/mo
$147
Est. Lease + Battery
5.7 yrs
Payback Period
$51,089
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
$159
Annual Cost
$1,908
25-Year Cost (No Solar)
$104,681
Your Solar Investment
7 kW System
$20,300
$10,228
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,972
With vs Without Solar in Newark
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $159/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$8/mo |
| 5-Year Cost | $10,303 | $7,380 |
| 25-Year Cost | $104,681 | $53,592 |
| 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
$51,089
Without Solar
With Solar
Year 1Payback Year
$1,908
$1,812
Year 5
$10,756
$1,399
Year 10
$25,149
$11,735
Year 15
$44,411
$23,453
Year 20
$70,187
$37,134
Year 25
$104,681
$53,593
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,908 | $1,812 | $96 |
| Year 2 | $3,930 | -$4,318 | $8,249 |
| Year 3 | $6,074 | -$2,447 | $8,521 |
| Year 4 | $8,347 | -$542 | $8,888 |
| Year 5 | $10,756 | $1,399 | $9,357 |
| Year 6 | $13,309 | $3,378 | $9,931 |
| Year 7 | $16,015 | $5,397 | $10,618 |
| Year 8 | $18,884 | $7,461 | $11,423 |
| Year 9 | $21,925 | $9,573 | $12,352 |
| Year 10 | $25,149 | $11,735 | $13,414 |
| Year 11 | $28,566 | $13,953 | $14,613 |
| Year 12 | $32,188 | $16,228 | $15,959 |
| Year 13 | $36,027 | $18,567 | $17,460 |
| Year 14 | $40,097 | $20,974 | $19,123 |
| Year 15 | $44,411 | $23,453 | $20,958 |
| Year 16 | $48,983 | $26,010 | $22,974 |
| Year 17 | $53,830 | $28,650 | $25,180 |
| Year 18 | $58,968 | $31,380 | $27,588 |
| Year 19 | $64,414 | $34,205 | $30,209 |
| Year 20 | $70,187 | $37,134 | $33,053 |
| Year 21 | $76,306 | $40,172 | $36,134 |
| Year 22 | $82,792 | $43,329 | $39,464 |
| Year 23 | $89,668 | $46,611 | $43,057 |
| Year 24 | $96,956 | $50,030 | $46,927 |
| Year 25 | $104,681 | $53,593 | $51,089 |
Start Saving in Newark
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