How Much Can Solar Save in Olney?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$119
Current Bill/mo
$134
Est. Lease + Battery
6.3 yrs
Payback Period
$37,488
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
$119
Annual Cost
$1,428
25-Year Cost (No Solar)
$78,347
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 Olney
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $119/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$3/mo |
| 5-Year Cost | $7,711 | $5,820 |
| 25-Year Cost | $78,347 | $40,859 |
| 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
$37,488
Without Solar
With Solar
Year 1Payback Year
$1,428
$1,390
Year 5
$8,050
$1,664
Year 10
$18,822
$9,520
Year 15
$33,238
$18,362
Year 20
$52,530
$28,611
Year 25
$78,347
$40,859
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,428 | $1,390 | $38 |
| Year 2 | $2,942 | -$2,704 | $5,646 |
| Year 3 | $4,546 | -$1,272 | $5,818 |
| Year 4 | $6,247 | $183 | $6,064 |
| Year 5 | $8,050 | $1,664 | $6,386 |
| Year 6 | $9,961 | $3,172 | $6,788 |
| Year 7 | $11,986 | $4,710 | $7,277 |
| Year 8 | $14,134 | $6,278 | $7,855 |
| Year 9 | $16,410 | $7,881 | $8,529 |
| Year 10 | $18,822 | $9,520 | $9,302 |
| Year 11 | $21,380 | $11,198 | $10,182 |
| Year 12 | $24,090 | $12,918 | $11,172 |
| Year 13 | $26,964 | $14,683 | $12,281 |
| Year 14 | $30,010 | $16,496 | $13,513 |
| Year 15 | $33,238 | $18,362 | $14,876 |
| Year 16 | $36,660 | $20,283 | $16,378 |
| Year 17 | $40,288 | $22,264 | $18,024 |
| Year 18 | $44,133 | $24,309 | $19,824 |
| Year 19 | $48,209 | $26,423 | $21,786 |
| Year 20 | $52,530 | $28,611 | $23,919 |
| Year 21 | $57,110 | $30,878 | $26,232 |
| Year 22 | $61,964 | $33,230 | $28,734 |
| Year 23 | $67,110 | $35,673 | $31,437 |
| Year 24 | $72,565 | $38,214 | $34,351 |
| Year 25 | $78,347 | $40,859 | $37,488 |
Start Saving in Olney
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Ameren Illinois rates projected to rise again next year. Lock in savings now.