How Much Can Solar Save in Palos Park?
Real numbers based on current ComEd rates and Illinois incentives.
$229
Current Bill/mo
$185
Est. Lease + Battery
6.5 yrs
Payback Period
$72,064
25-Year Savings
What You're Paying Now
Without solar, here's what ComEd electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$229
Annual Cost
$2,748
25-Year Cost (No Solar)
$150,768
Your Solar Investment
11.5 kW System
$33,350
$17,793
After All IL Incentives
DG Rebate ($300/kW)-$3,450
Illinois Shines RECs (lump sum, ~18 mo)-$12,107
With vs Without Solar in Palos Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $229/mo | $202/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-5/mo |
| 5-Year Cost | $14,839 | $12,120 |
| 25-Year Cost | $150,768 | $78,704 |
| 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
$72,064
Without Solar
With Solar
Year 1
$2,748
$2,805
Year 2Payback Year
$5,661
-$6,462
Year 5
$15,491
$2,300
Year 10
$36,221
$17,920
Year 15
$63,962
$35,296
Year 20
$101,087
$55,197
Year 25
$150,768
$78,704
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,748 | $2,805 | -$57 |
| Year 2Payback | $5,661 | -$6,462 | $12,123 |
| Year 3 | $8,749 | -$3,584 | $12,332 |
| Year 4 | $12,021 | -$664 | $12,686 |
| Year 5 | $15,491 | $2,300 | $13,191 |
| Year 6 | $19,168 | $5,312 | $13,856 |
| Year 7 | $23,066 | $8,376 | $14,690 |
| Year 8 | $27,198 | $11,496 | $15,703 |
| Year 9 | $31,578 | $14,675 | $16,903 |
| Year 10 | $36,221 | $17,920 | $18,301 |
| Year 11 | $41,142 | $21,234 | $19,909 |
| Year 12 | $46,359 | $24,622 | $21,736 |
| Year 13 | $51,888 | $28,091 | $23,797 |
| Year 14 | $57,749 | $31,647 | $26,102 |
| Year 15 | $63,962 | $35,296 | $28,666 |
| Year 16 | $70,548 | $39,045 | $31,503 |
| Year 17 | $77,529 | $42,901 | $34,628 |
| Year 18 | $84,929 | $46,873 | $38,056 |
| Year 19 | $92,772 | $50,968 | $41,804 |
| Year 20 | $101,087 | $55,197 | $45,890 |
| Year 21 | $109,900 | $59,568 | $50,332 |
| Year 22 | $119,242 | $64,093 | $55,149 |
| Year 23 | $129,145 | $68,783 | $60,362 |
| Year 24 | $139,641 | $73,648 | $65,993 |
| Year 25 | $150,768 | $78,704 | $72,064 |
Start Saving in Palos Park
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