How Much Can Solar Save in Odin?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$120
Current Bill/mo
$136
Est. Lease + Battery
6.2 yrs
Payback Period
$38,951
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
$120
Annual Cost
$1,440
25-Year Cost (No Solar)
$79,005
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Odin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $120/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$6/mo |
| 5-Year Cost | $7,776 | $5,820 |
| 25-Year Cost | $79,005 | $40,054 |
| 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
$38,951
Without Solar
With Solar
Year 1Payback Year
$1,440
$1,373
Year 5
$8,117
$1,572
Year 10
$18,980
$9,309
Year 15
$33,517
$17,999
Year 20
$52,971
$28,054
Year 25
$79,005
$40,054
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,440 | $1,373 | $67 |
| Year 2 | $2,966 | -$2,739 | $5,705 |
| Year 3 | $4,584 | -$1,325 | $5,909 |
| Year 4 | $6,299 | $111 | $6,188 |
| Year 5 | $8,117 | $1,572 | $6,546 |
| Year 6 | $10,044 | $3,058 | $6,986 |
| Year 7 | $12,087 | $4,573 | $7,514 |
| Year 8 | $14,252 | $6,118 | $8,134 |
| Year 9 | $16,547 | $7,696 | $8,851 |
| Year 10 | $18,980 | $9,309 | $9,672 |
| Year 11 | $21,559 | $10,959 | $10,600 |
| Year 12 | $24,293 | $12,651 | $11,642 |
| Year 13 | $27,190 | $14,385 | $12,805 |
| Year 14 | $30,262 | $16,167 | $14,095 |
| Year 15 | $33,517 | $17,999 | $15,519 |
| Year 16 | $36,968 | $19,885 | $17,084 |
| Year 17 | $40,627 | $21,829 | $18,798 |
| Year 18 | $44,504 | $23,836 | $20,669 |
| Year 19 | $48,614 | $25,909 | $22,705 |
| Year 20 | $52,971 | $28,054 | $24,917 |
| Year 21 | $57,590 | $30,276 | $27,313 |
| Year 22 | $62,485 | $32,581 | $29,903 |
| Year 23 | $67,674 | $34,975 | $32,699 |
| Year 24 | $73,174 | $37,464 | $35,711 |
| Year 25 | $79,005 | $40,054 | $38,951 |
Start Saving in Odin
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Ameren Illinois rates projected to rise again next year. Lock in savings now.