How Much Can Solar Save in Oneida?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$121
Current Bill/mo
$135
Est. Lease + Battery
6.7 yrs
Payback Period
$36,501
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
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Oneida
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-4/mo |
| 5-Year Cost | $7,841 | $6,300 |
| 25-Year Cost | $79,663 | $43,162 |
| 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
$36,501
Without Solar
With Solar
Year 1
$1,452
$1,497
Year 2Payback Year
$2,991
-$2,991
Year 5
$8,185
$1,701
Year 10
$19,139
$10,100
Year 15
$33,797
$19,497
Year 20
$53,413
$30,318
Year 25
$79,663
$43,163
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,452 | $1,497 | -$45 |
| Year 2Payback | $2,991 | -$2,991 | $5,982 |
| Year 3 | $4,623 | -$1,451 | $6,074 |
| Year 4 | $6,352 | $112 | $6,240 |
| Year 5 | $8,185 | $1,701 | $6,484 |
| Year 6 | $10,128 | $3,317 | $6,811 |
| Year 7 | $12,188 | $4,963 | $7,225 |
| Year 8 | $14,371 | $6,640 | $7,731 |
| Year 9 | $16,685 | $8,352 | $8,334 |
| Year 10 | $19,139 | $10,100 | $9,038 |
| Year 11 | $21,739 | $11,888 | $9,851 |
| Year 12 | $24,495 | $13,719 | $10,777 |
| Year 13 | $27,417 | $15,595 | $11,822 |
| Year 14 | $30,514 | $17,520 | $12,994 |
| Year 15 | $33,797 | $19,497 | $14,300 |
| Year 16 | $37,277 | $21,531 | $15,745 |
| Year 17 | $40,965 | $23,626 | $17,339 |
| Year 18 | $44,875 | $25,785 | $19,090 |
| Year 19 | $49,020 | $28,014 | $21,005 |
| Year 20 | $53,413 | $30,318 | $23,094 |
| Year 21 | $58,069 | $32,702 | $25,367 |
| Year 22 | $63,006 | $35,173 | $27,833 |
| Year 23 | $68,238 | $37,735 | $30,503 |
| Year 24 | $73,784 | $40,396 | $33,388 |
| Year 25 | $79,663 | $43,163 | $36,501 |
Start Saving in Oneida
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Ameren Illinois rates projected to rise again next year. Lock in savings now.