How Much Can Solar Save in Olmsted?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$115
Current Bill/mo
$134
Est. Lease + Battery
5.9 yrs
Payback Period
$39,110
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
$115
Annual Cost
$1,380
25-Year Cost (No Solar)
$75,713
Your Solar Investment
5 kW System
$14,500
$7,995
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,005
With vs Without Solar in Olmsted
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $115/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$11/mo |
| 5-Year Cost | $7,452 | $5,280 |
| 25-Year Cost | $75,713 | $36,603 |
| 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
$39,110
Without Solar
With Solar
Year 1Payback Year
$1,380
$1,247
Year 5
$7,779
$1,423
Year 10
$18,189
$8,463
Year 15
$32,121
$16,389
Year 20
$50,764
$25,587
Year 25
$75,713
$36,603
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,380 | $1,247 | $133 |
| Year 2 | $2,843 | -$2,493 | $5,336 |
| Year 3 | $4,393 | -$1,209 | $5,603 |
| Year 4 | $6,037 | $96 | $5,941 |
| Year 5 | $7,779 | $1,423 | $6,356 |
| Year 6 | $9,626 | $2,775 | $6,851 |
| Year 7 | $11,583 | $4,152 | $7,431 |
| Year 8 | $13,659 | $5,558 | $8,100 |
| Year 9 | $15,858 | $6,994 | $8,864 |
| Year 10 | $18,189 | $8,463 | $9,727 |
| Year 11 | $20,661 | $9,967 | $10,694 |
| Year 12 | $23,281 | $11,508 | $11,772 |
| Year 13 | $26,057 | $13,090 | $12,967 |
| Year 14 | $29,001 | $14,716 | $14,285 |
| Year 15 | $32,121 | $16,389 | $15,732 |
| Year 16 | $35,428 | $18,112 | $17,316 |
| Year 17 | $38,934 | $19,889 | $19,045 |
| Year 18 | $42,650 | $21,725 | $20,925 |
| Year 19 | $46,589 | $23,622 | $22,966 |
| Year 20 | $50,764 | $25,587 | $25,177 |
| Year 21 | $55,190 | $27,624 | $27,566 |
| Year 22 | $59,881 | $29,739 | $30,143 |
| Year 23 | $64,854 | $31,936 | $32,919 |
| Year 24 | $70,125 | $34,222 | $35,904 |
| Year 25 | $75,713 | $36,603 | $39,110 |
Start Saving in Olmsted
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