How Much Can Solar Save in Niles?
Real numbers based on current ComEd rates and Illinois incentives.
$196
Current Bill/mo
$169
Est. Lease + Battery
5.7 yrs
Payback Period
$66,212
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
$196
Annual Cost
$2,352
25-Year Cost (No Solar)
$129,041
Your Solar Investment
9 kW System
$26,100
$13,151
After All IL Incentives
DG Rebate ($300/kW)-$2,700
Illinois Shines RECs (lump sum, ~18 mo)-$10,249
With vs Without Solar in Niles
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $196/mo | $158/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$11/mo |
| 5-Year Cost | $12,701 | $9,480 |
| 25-Year Cost | $129,041 | $62,829 |
| 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
$66,212
Without Solar
With Solar
Year 1Payback Year
$2,352
$2,219
Year 5
$13,258
$1,171
Year 10
$31,001
$13,623
Year 15
$54,745
$27,569
Year 20
$86,520
$43,664
Year 25
$129,041
$62,829
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,352 | $2,219 | $133 |
| Year 2 | $4,845 | -$5,781 | $10,626 |
| Year 3 | $7,488 | -$3,500 | $10,988 |
| Year 4 | $10,289 | -$1,183 | $11,472 |
| Year 5 | $13,258 | $1,171 | $12,087 |
| Year 6 | $16,406 | $3,567 | $12,839 |
| Year 7 | $19,742 | $6,006 | $13,736 |
| Year 8 | $23,279 | $8,492 | $14,786 |
| Year 9 | $27,028 | $11,030 | $15,997 |
| Year 10 | $31,001 | $13,623 | $17,378 |
| Year 11 | $35,213 | $16,275 | $18,939 |
| Year 12 | $39,678 | $18,990 | $20,688 |
| Year 13 | $44,411 | $21,774 | $22,637 |
| Year 14 | $49,427 | $24,632 | $24,796 |
| Year 15 | $54,745 | $27,569 | $27,176 |
| Year 16 | $60,382 | $30,591 | $29,791 |
| Year 17 | $66,357 | $33,704 | $32,653 |
| Year 18 | $72,690 | $36,916 | $35,774 |
| Year 19 | $79,404 | $40,233 | $39,170 |
| Year 20 | $86,520 | $43,664 | $42,856 |
| Year 21 | $94,063 | $47,216 | $46,847 |
| Year 22 | $102,059 | $50,899 | $51,160 |
| Year 23 | $110,534 | $54,722 | $55,813 |
| Year 24 | $119,518 | $58,695 | $60,823 |
| Year 25 | $129,041 | $62,829 | $66,212 |
Start Saving in Niles
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