How Much Can Solar Save in Norridge?
Real numbers based on current ComEd rates and Illinois incentives.
$198
Current Bill/mo
$169
Est. Lease + Battery
5.4 yrs
Payback Period
$67,702
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
$198
Annual Cost
$2,376
25-Year Cost (No Solar)
$130,358
Your Solar Investment
8.5 kW System
$24,650
$12,420
After All IL Incentives
DG Rebate ($300/kW)-$2,550
Illinois Shines RECs (lump sum, ~18 mo)-$9,680
With vs Without Solar in Norridge
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $198/mo | $149/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$19/mo |
| 5-Year Cost | $12,830 | $8,940 |
| 25-Year Cost | $130,358 | $62,656 |
| 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
$67,702
Without Solar
With Solar
Year 1Payback Year
$2,376
$2,149
Year 5
$13,394
$1,412
Year 10
$31,318
$13,600
Year 15
$55,304
$27,368
Year 20
$87,403
$43,401
Year 25
$130,358
$62,656
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,376 | $2,149 | $227 |
| Year 2 | $4,895 | -$5,350 | $10,245 |
| Year 3 | $7,564 | -$3,135 | $10,699 |
| Year 4 | $10,394 | -$881 | $11,276 |
| Year 5 | $13,394 | $1,412 | $11,982 |
| Year 6 | $16,573 | $3,749 | $12,825 |
| Year 7 | $19,944 | $6,132 | $13,812 |
| Year 8 | $23,516 | $8,566 | $14,951 |
| Year 9 | $27,303 | $11,054 | $16,250 |
| Year 10 | $31,318 | $13,600 | $17,718 |
| Year 11 | $35,573 | $16,209 | $19,364 |
| Year 12 | $40,083 | $18,885 | $21,198 |
| Year 13 | $44,864 | $21,633 | $23,231 |
| Year 14 | $49,932 | $24,459 | $25,473 |
| Year 15 | $55,304 | $27,368 | $27,935 |
| Year 16 | $60,998 | $30,368 | $30,630 |
| Year 17 | $67,034 | $33,463 | $33,571 |
| Year 18 | $73,432 | $36,662 | $36,770 |
| Year 19 | $80,214 | $39,972 | $40,242 |
| Year 20 | $87,403 | $43,401 | $44,002 |
| Year 21 | $95,023 | $46,957 | $48,065 |
| Year 22 | $103,100 | $50,651 | $52,449 |
| Year 23 | $111,662 | $54,491 | $57,171 |
| Year 24 | $120,738 | $58,489 | $62,249 |
| Year 25 | $130,358 | $62,656 | $67,702 |
Start Saving in Norridge
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