How Much Can Solar Save in Palmer?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$116
Current Bill/mo
$135
Est. Lease + Battery
7.6 yrs
Payback Period
$32,211
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
$116
Annual Cost
$1,392
25-Year Cost (No Solar)
$76,371
Your Solar Investment
7 kW System
$20,300
$11,194
After All IL Incentives
DG Rebate ($300/kW)-$2,100
Illinois Shines RECs (lump sum, ~18 mo)-$7,006
With vs Without Solar in Palmer
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $116/mo | $123/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-21/mo |
| 5-Year Cost | $7,517 | $7,380 |
| 25-Year Cost | $76,371 | $44,160 |
| 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
$32,211
Without Solar
With Solar
Year 1
$1,392
$1,648
Year 2Payback Year
$2,868
-$3,693
Year 5
$7,847
$1,417
Year 10
$18,348
$10,421
Year 15
$32,400
$20,270
Year 20
$51,206
$31,340
Year 25
$76,371
$44,160
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,392 | $1,648 | -$256 |
| Year 2Payback | $2,868 | -$3,693 | $6,560 |
| Year 3 | $4,432 | -$2,010 | $6,441 |
| Year 4 | $6,089 | -$307 | $6,396 |
| Year 5 | $7,847 | $1,417 | $6,429 |
| Year 6 | $9,710 | $3,165 | $6,545 |
| Year 7 | $11,684 | $4,936 | $6,748 |
| Year 8 | $13,777 | $6,735 | $7,042 |
| Year 9 | $15,996 | $8,563 | $7,433 |
| Year 10 | $18,348 | $10,421 | $7,927 |
| Year 11 | $20,841 | $12,313 | $8,528 |
| Year 12 | $23,483 | $14,241 | $9,242 |
| Year 13 | $26,284 | $16,208 | $10,076 |
| Year 14 | $29,253 | $18,216 | $11,037 |
| Year 15 | $32,400 | $20,270 | $12,130 |
| Year 16 | $35,736 | $22,372 | $13,364 |
| Year 17 | $39,272 | $24,526 | $14,747 |
| Year 18 | $43,021 | $26,735 | $16,285 |
| Year 19 | $46,994 | $29,005 | $17,989 |
| Year 20 | $51,206 | $31,340 | $19,866 |
| Year 21 | $55,670 | $33,743 | $21,926 |
| Year 22 | $60,402 | $36,222 | $24,180 |
| Year 23 | $65,418 | $38,780 | $26,638 |
| Year 24 | $70,735 | $41,424 | $29,311 |
| Year 25 | $76,371 | $44,160 | $32,211 |
Start Saving in Palmer
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Ameren Illinois rates projected to rise again next year. Lock in savings now.