How Much Can Solar Save in Owaneco?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$117
Current Bill/mo
$137
Est. Lease + Battery
7.1 yrs
Payback Period
$35,404
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
$117
Annual Cost
$1,404
25-Year Cost (No Solar)
$77,030
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 Owaneco
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $117/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-11/mo |
| 5-Year Cost | $7,582 | $6,840 |
| 25-Year Cost | $77,030 | $41,626 |
| 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
$35,404
Without Solar
With Solar
Year 1
$1,404
$1,534
Year 2Payback Year
$2,892
-$3,422
Year 5
$7,914
$1,342
Year 10
$18,506
$9,759
Year 15
$32,679
$19,004
Year 20
$51,647
$29,452
Year 25
$77,030
$41,626
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,404 | $1,534 | -$130 |
| Year 2Payback | $2,892 | -$3,422 | $6,314 |
| Year 3 | $4,470 | -$1,853 | $6,323 |
| Year 4 | $6,142 | -$266 | $6,408 |
| Year 5 | $7,914 | $1,342 | $6,572 |
| Year 6 | $9,793 | $2,973 | $6,820 |
| Year 7 | $11,785 | $4,628 | $7,157 |
| Year 8 | $13,896 | $6,309 | $7,587 |
| Year 9 | $16,134 | $8,019 | $8,115 |
| Year 10 | $18,506 | $9,759 | $8,747 |
| Year 11 | $21,020 | $11,531 | $9,489 |
| Year 12 | $23,685 | $13,339 | $10,346 |
| Year 13 | $26,511 | $15,186 | $11,325 |
| Year 14 | $29,505 | $17,073 | $12,432 |
| Year 15 | $32,679 | $19,004 | $13,675 |
| Year 16 | $36,044 | $20,984 | $15,061 |
| Year 17 | $39,611 | $23,014 | $16,597 |
| Year 18 | $43,392 | $25,099 | $18,292 |
| Year 19 | $47,399 | $27,244 | $20,155 |
| Year 20 | $51,647 | $29,452 | $22,195 |
| Year 21 | $56,150 | $31,728 | $24,421 |
| Year 22 | $60,923 | $34,078 | $26,844 |
| Year 23 | $65,982 | $36,508 | $29,475 |
| Year 24 | $71,345 | $39,021 | $32,324 |
| Year 25 | $77,030 | $41,626 | $35,404 |
Start Saving in Owaneco
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