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

25+ yrs

Years of Pure Profit

$70,315

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

$24,750

$10,433

After All IL Incentives

DG Rebate ($300/kW)-$2,700

Illinois Shines RECs (lump sum, ~18 mo)-$11,617

With vs Without Solar in Niles

Metric	Without Solar	With Solar
Monthly Cost	$196/mo	$149/mo (loan)
Monthly Cash Flow	-$0 (all to utility)	+$20/mo
5-Year Cost	$12,701	$8,940
25-Year Cost	$129,041	$58,726
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

$70,315

Without Solar

With Solar

Year 1Profit Starts Here

$2,352

$2,109

Year 5

$13,258

-$744

Year 10

$31,001

$11,161

Year 15

$54,745

$24,560

Year 20

$86,520

$40,108

Year 25

$129,041

$58,727

Year	Without Solar	With Solar	Cumulative Savings
Year 1Profit Starts	$2,352	$2,109	$243
Year 2	$4,845	-$7,368	$12,213
Year 3	$7,488	-$5,196	$12,684
Year 4	$10,289	-$2,989	$13,278
Year 5	$13,258	-$744	$14,002
Year 6	$16,406	$1,542	$14,864
Year 7	$19,742	$3,872	$15,870
Year 8	$23,279	$6,249	$17,029
Year 9	$27,028	$8,678	$18,350
Year 10	$31,001	$11,161	$19,840
Year 11	$35,213	$13,703	$21,510
Year 12	$39,678	$16,310	$23,368
Year 13	$44,411	$18,984	$25,427
Year 14	$49,427	$21,733	$27,695
Year 15	$54,745	$24,560	$30,185
Year 16	$60,382	$27,473	$32,909
Year 17	$66,357	$30,477	$35,880
Year 18	$72,690	$33,579	$39,111
Year 19	$79,404	$36,787	$42,617
Year 20	$86,520	$40,108	$46,412
Year 21	$94,063	$43,551	$50,512
Year 22	$102,059	$47,124	$54,934
Year 23	$110,534	$50,838	$59,696
Year 24	$119,518	$54,702	$64,817
Year 25	$129,041	$58,727	$70,315

Calculate YOUR Savings

Enter your actual ComEd bill to see a personalized 25-year savings projection.

$Enter Your Information

Average Monthly Electric Bill

Current Utility Rate ($/kWh)

Default: $0.16/kWh (ComEd & Ameren average)

Utility Rate Escalator: 4.5% per year

Conservative (2%)Historical Average (6%)Aggressive (10%)

How We Calculate Your Savings

This calculator uses your custom utility rate (default $0.16/kWh for Illinois) with a 4.5% annual escalator compared to our fixed lease rate of $0.10/kWh (avg.) for 15 years. A low-escalator option is also available for a lower starting payment. After the 15-year lease, you can keep the system for a low fair-market buyout — then your electricity cost drops to near-zero for the remaining life of the panels (25+ years). Your actual savings may vary based on your specific usage patterns and system size.

More Solar Resources for Niles

Solar IncentivesRECs, rebates & tax exemptions Electricity RatesRate trends & bill analysis Solar FAQCommon questions answered

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Or call (618) 217-2001|Info@ltdsolarconsulting.com