How Much Can Solar Save in Palmyra?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$115
Current Bill/mo
$135
Est. Lease + Battery
6.3 yrs
Payback Period
$38,418
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
5.5 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 Palmyra
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $115/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$5/mo |
| 5-Year Cost | $7,452 | $5,820 |
| 25-Year Cost | $75,713 | $37,295 |
| 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
$38,418
Without Solar
With Solar
Year 1Payback Year
$1,380
$1,324
Year 5
$7,779
$1,292
Year 10
$18,189
$8,652
Year 15
$32,121
$16,836
Year 20
$50,764
$26,210
Year 25
$75,713
$37,295
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,380 | $1,324 | $56 |
| Year 2 | $2,843 | -$2,841 | $5,684 |
| Year 3 | $4,393 | -$1,483 | $5,876 |
| Year 4 | $6,037 | -$106 | $6,143 |
| Year 5 | $7,779 | $1,292 | $6,487 |
| Year 6 | $9,626 | $2,712 | $6,914 |
| Year 7 | $11,583 | $4,156 | $7,428 |
| Year 8 | $13,659 | $5,626 | $8,033 |
| Year 9 | $15,858 | $7,124 | $8,734 |
| Year 10 | $18,189 | $8,652 | $9,537 |
| Year 11 | $20,661 | $10,213 | $10,448 |
| Year 12 | $23,281 | $11,809 | $11,471 |
| Year 13 | $26,057 | $13,443 | $12,614 |
| Year 14 | $29,001 | $15,118 | $13,883 |
| Year 15 | $32,121 | $16,836 | $15,285 |
| Year 16 | $35,428 | $18,601 | $16,827 |
| Year 17 | $38,934 | $20,418 | $18,516 |
| Year 18 | $42,650 | $22,288 | $20,361 |
| Year 19 | $46,589 | $24,218 | $22,371 |
| Year 20 | $50,764 | $26,210 | $24,554 |
| Year 21 | $55,190 | $28,270 | $26,919 |
| Year 22 | $59,881 | $30,403 | $29,478 |
| Year 23 | $64,854 | $32,615 | $32,240 |
| Year 24 | $70,125 | $34,910 | $35,216 |
| Year 25 | $75,713 | $37,295 | $38,418 |
Start Saving in Palmyra
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Ameren Illinois rates projected to rise again next year. Lock in savings now.