How Much Can Solar Save in Park Ridge?
Real numbers based on current ComEd rates and Illinois incentives.
$250
Current Bill/mo
$193
Est. Lease + Battery
5.7 yrs
Payback Period
$83,815
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
$250
Annual Cost
$3,000
25-Year Cost (No Solar)
$164,594
Your Solar Investment
10.5 kW System
$30,450
$16,246
After All IL Incentives
DG Rebate ($300/kW)-$3,150
Illinois Shines RECs (lump sum, ~18 mo)-$11,054
With vs Without Solar in Park Ridge
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $250/mo | $184/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$25/mo |
| 5-Year Cost | $16,200 | $11,040 |
| 25-Year Cost | $164,594 | $80,779 |
| 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
$83,815
Without Solar
With Solar
Year 1Payback Year
$3,000
$2,698
Year 5
$16,911
$2,895
Year 10
$39,542
$18,285
Year 15
$69,828
$35,746
Year 20
$110,357
$56,164
Year 25
$164,594
$80,779
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $3,000 | $2,698 | $302 |
| Year 2 | $6,180 | -$5,616 | $11,796 |
| Year 3 | $9,551 | -$2,829 | $12,380 |
| Year 4 | $13,124 | $6 | $13,118 |
| Year 5 | $16,911 | $2,895 | $14,016 |
| Year 6 | $20,926 | $5,840 | $15,086 |
| Year 7 | $25,182 | $8,848 | $16,334 |
| Year 8 | $29,692 | $11,921 | $17,772 |
| Year 9 | $34,474 | $15,065 | $19,409 |
| Year 10 | $39,542 | $18,285 | $21,257 |
| Year 11 | $44,915 | $21,588 | $23,327 |
| Year 12 | $50,610 | $24,978 | $25,632 |
| Year 13 | $56,646 | $28,463 | $28,183 |
| Year 14 | $63,045 | $32,050 | $30,995 |
| Year 15 | $69,828 | $35,746 | $34,082 |
| Year 16 | $77,018 | $39,560 | $37,458 |
| Year 17 | $84,639 | $43,498 | $41,140 |
| Year 18 | $92,717 | $47,572 | $45,145 |
| Year 19 | $101,280 | $51,790 | $49,490 |
| Year 20 | $110,357 | $56,164 | $54,193 |
| Year 21 | $119,978 | $60,704 | $59,275 |
| Year 22 | $130,177 | $65,422 | $64,755 |
| Year 23 | $140,987 | $70,331 | $70,657 |
| Year 24 | $152,447 | $75,445 | $77,002 |
| Year 25 | $164,594 | $80,779 | $83,815 |
Start Saving in Park Ridge
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