How Much Can Solar Save in Newton?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$119
Current Bill/mo
$136
Est. Lease + Battery
6.2 yrs
Payback Period
$39,252
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
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 Newton
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $119/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$6/mo |
| 5-Year Cost | $7,711 | $5,820 |
| 25-Year Cost | $78,347 | $39,095 |
| 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
$39,252
Without Solar
With Solar
Year 1Payback Year
$1,428
$1,356
Year 5
$8,050
$1,471
Year 10
$18,822
$9,075
Year 15
$33,238
$17,587
Year 20
$52,530
$27,407
Year 25
$78,347
$39,094
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,428 | $1,356 | $72 |
| Year 2 | $2,942 | -$2,776 | $5,717 |
| Year 3 | $4,546 | -$1,382 | $5,928 |
| Year 4 | $6,247 | $33 | $6,214 |
| Year 5 | $8,050 | $1,471 | $6,579 |
| Year 6 | $9,961 | $2,934 | $7,027 |
| Year 7 | $11,986 | $4,424 | $7,563 |
| Year 8 | $14,134 | $5,942 | $8,192 |
| Year 9 | $16,410 | $7,492 | $8,918 |
| Year 10 | $18,822 | $9,075 | $9,748 |
| Year 11 | $21,380 | $10,694 | $10,686 |
| Year 12 | $24,090 | $12,351 | $11,739 |
| Year 13 | $26,964 | $14,051 | $12,913 |
| Year 14 | $30,010 | $15,795 | $14,215 |
| Year 15 | $33,238 | $17,587 | $15,651 |
| Year 16 | $36,660 | $19,431 | $17,229 |
| Year 17 | $40,288 | $21,331 | $18,957 |
| Year 18 | $44,133 | $23,291 | $20,843 |
| Year 19 | $48,209 | $25,314 | $22,895 |
| Year 20 | $52,530 | $27,407 | $25,123 |
| Year 21 | $57,110 | $29,574 | $27,536 |
| Year 22 | $61,964 | $31,820 | $30,144 |
| Year 23 | $67,110 | $34,151 | $32,959 |
| Year 24 | $72,565 | $36,574 | $35,991 |
| Year 25 | $78,347 | $39,094 | $39,252 |
Start Saving in Newton
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Ameren Illinois rates projected to rise again next year. Lock in savings now.