How Much Can Solar Save in Peoria?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$134
Current Bill/mo
$144
Est. Lease + Battery
6.5 yrs
Payback Period
$42,228
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
$134
Annual Cost
$1,608
25-Year Cost (No Solar)
$88,222
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 Peoria
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $134/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$0/mo |
| 5-Year Cost | $8,683 | $6,840 |
| 25-Year Cost | $88,222 | $45,994 |
| 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
$42,228
Without Solar
With Solar
Year 1Payback Year
$1,608
$1,604
Year 5
$9,064
$1,745
Year 10
$21,195
$10,725
Year 15
$37,428
$20,757
Year 20
$59,151
$32,300
Year 25
$88,222
$45,994
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,608 | $1,604 | $4 |
| Year 2 | $3,312 | -$3,277 | $6,589 |
| Year 3 | $5,119 | -$1,628 | $6,747 |
| Year 4 | $7,034 | $45 | $6,989 |
| Year 5 | $9,064 | $1,745 | $7,319 |
| Year 6 | $11,216 | $3,474 | $7,742 |
| Year 7 | $13,497 | $5,234 | $8,263 |
| Year 8 | $15,915 | $7,027 | $8,888 |
| Year 9 | $18,478 | $8,857 | $9,621 |
| Year 10 | $21,195 | $10,725 | $10,470 |
| Year 11 | $24,074 | $12,635 | $11,440 |
| Year 12 | $27,127 | $14,589 | $12,537 |
| Year 13 | $30,362 | $16,592 | $13,770 |
| Year 14 | $33,792 | $18,647 | $15,145 |
| Year 15 | $37,428 | $20,757 | $16,670 |
| Year 16 | $41,281 | $22,928 | $18,354 |
| Year 17 | $45,366 | $25,162 | $20,204 |
| Year 18 | $49,696 | $27,465 | $22,231 |
| Year 19 | $54,286 | $29,843 | $24,443 |
| Year 20 | $59,151 | $32,300 | $26,852 |
| Year 21 | $64,308 | $34,842 | $29,467 |
| Year 22 | $69,775 | $37,475 | $32,299 |
| Year 23 | $75,569 | $40,207 | $35,362 |
| Year 24 | $81,711 | $43,044 | $38,667 |
| Year 25 | $88,222 | $45,994 | $42,228 |
Start Saving in Peoria
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