How Much Can Solar Save in Northlake?
Real numbers based on current ComEd rates and Illinois incentives.
$164
Current Bill/mo
$151
Est. Lease + Battery
6.4 yrs
Payback Period
$49,638
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
$164
Annual Cost
$1,968
25-Year Cost (No Solar)
$107,973
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 Northlake
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $164/mo | $149/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-11/mo |
| 5-Year Cost | $10,627 | $8,940 |
| 25-Year Cost | $107,973 | $58,335 |
| 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
$49,638
Without Solar
With Solar
Year 1
$1,968
$2,095
Year 2Payback Year
$4,054
-$5,462
Year 5
$11,094
$1,090
Year 10
$25,940
$12,781
Year 15
$45,807
$25,800
Year 20
$72,394
$40,718
Year 25
$107,973
$58,335
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,968 | $2,095 | -$127 |
| Year 2Payback | $4,054 | -$5,462 | $9,516 |
| Year 3 | $6,265 | -$3,310 | $9,576 |
| Year 4 | $8,609 | -$1,127 | $9,736 |
| Year 5 | $11,094 | $1,090 | $10,004 |
| Year 6 | $13,727 | $3,343 | $10,384 |
| Year 7 | $16,519 | $5,636 | $10,883 |
| Year 8 | $19,478 | $7,971 | $11,507 |
| Year 9 | $22,615 | $10,352 | $12,263 |
| Year 10 | $25,940 | $12,781 | $13,158 |
| Year 11 | $29,464 | $15,264 | $14,201 |
| Year 12 | $33,200 | $17,802 | $15,398 |
| Year 13 | $37,160 | $20,401 | $16,759 |
| Year 14 | $41,358 | $23,066 | $18,292 |
| Year 15 | $45,807 | $25,800 | $20,007 |
| Year 16 | $50,524 | $28,610 | $21,914 |
| Year 17 | $55,523 | $31,500 | $24,022 |
| Year 18 | $60,822 | $34,478 | $26,345 |
| Year 19 | $66,440 | $37,548 | $28,892 |
| Year 20 | $72,394 | $40,718 | $31,676 |
| Year 21 | $78,706 | $43,994 | $34,711 |
| Year 22 | $85,396 | $47,386 | $38,010 |
| Year 23 | $92,488 | $50,901 | $41,587 |
| Year 24 | $100,005 | $54,547 | $45,458 |
| Year 25 | $107,973 | $58,335 | $49,638 |
Start Saving in Northlake
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