How Much Can Solar Save in Oakwood?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$122
Current Bill/mo
$138
Est. Lease + Battery
7 yrs
Payback Period
$36,526
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
$122
Annual Cost
$1,464
25-Year Cost (No Solar)
$80,322
Your Solar Investment
6.5 kW System
$18,850
$10,394
After All IL Incentives
DG Rebate ($300/kW)-$1,950
Illinois Shines RECs (lump sum, ~18 mo)-$6,506
With vs Without Solar in Oakwood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $122/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-9/mo |
| 5-Year Cost | $7,906 | $6,840 |
| 25-Year Cost | $80,322 | $43,796 |
| 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
$36,526
Without Solar
With Solar
Year 1
$1,464
$1,572
Year 2Payback Year
$3,016
-$3,343
Year 5
$8,253
$1,558
Year 10
$19,297
$10,266
Year 15
$34,076
$19,909
Year 20
$53,854
$30,893
Year 25
$80,322
$43,796
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,464 | $1,572 | -$108 |
| Year 2Payback | $3,016 | -$3,343 | $6,359 |
| Year 3 | $4,661 | -$1,732 | $6,393 |
| Year 4 | $6,404 | -$99 | $6,503 |
| Year 5 | $8,253 | $1,558 | $6,695 |
| Year 6 | $10,212 | $3,240 | $6,972 |
| Year 7 | $12,289 | $4,950 | $7,339 |
| Year 8 | $14,490 | $6,689 | $7,801 |
| Year 9 | $16,823 | $8,461 | $8,363 |
| Year 10 | $19,297 | $10,266 | $9,030 |
| Year 11 | $21,918 | $12,109 | $9,810 |
| Year 12 | $24,698 | $13,991 | $10,706 |
| Year 13 | $27,643 | $15,917 | $11,727 |
| Year 14 | $30,766 | $17,888 | $12,878 |
| Year 15 | $34,076 | $19,909 | $14,168 |
| Year 16 | $37,585 | $21,982 | $15,602 |
| Year 17 | $41,304 | $24,113 | $17,190 |
| Year 18 | $45,246 | $26,306 | $18,940 |
| Year 19 | $49,425 | $28,564 | $20,860 |
| Year 20 | $53,854 | $30,893 | $22,961 |
| Year 21 | $58,549 | $33,298 | $25,251 |
| Year 22 | $63,526 | $35,785 | $27,741 |
| Year 23 | $68,802 | $38,359 | $30,443 |
| Year 24 | $74,394 | $41,027 | $33,367 |
| Year 25 | $80,322 | $43,796 | $36,526 |
Start Saving in Oakwood
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Ameren Illinois rates projected to rise again next year. Lock in savings now.