How Much Can Solar Save in Philo?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$144
Current Bill/mo
$147
Est. Lease + Battery
6.3 yrs
Payback Period
$44,893
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
$144
Annual Cost
$1,728
25-Year Cost (No Solar)
$94,806
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 Philo
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $144/mo | $114/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$5/mo |
| 5-Year Cost | $9,331 | $6,840 |
| 25-Year Cost | $94,806 | $49,913 |
| 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
$44,893
Without Solar
With Solar
Year 1Payback Year
$1,728
$1,672
Year 5
$9,741
$2,130
Year 10
$22,776
$11,634
Year 15
$40,221
$22,381
Year 20
$63,566
$34,896
Year 25
$94,806
$49,913
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,728 | $1,672 | $56 |
| Year 2 | $3,560 | -$3,137 | $6,697 |
| Year 3 | $5,501 | -$1,412 | $6,913 |
| Year 4 | $7,559 | $343 | $7,216 |
| Year 5 | $9,741 | $2,130 | $7,611 |
| Year 6 | $12,053 | $3,951 | $8,102 |
| Year 7 | $14,505 | $5,809 | $8,695 |
| Year 8 | $17,103 | $7,707 | $9,396 |
| Year 9 | $19,857 | $9,648 | $10,209 |
| Year 10 | $22,776 | $11,634 | $11,142 |
| Year 11 | $25,871 | $13,670 | $12,201 |
| Year 12 | $29,151 | $15,758 | $13,393 |
| Year 13 | $32,628 | $17,903 | $14,725 |
| Year 14 | $36,314 | $20,110 | $16,204 |
| Year 15 | $40,221 | $22,381 | $17,840 |
| Year 16 | $44,362 | $24,722 | $19,640 |
| Year 17 | $48,752 | $27,139 | $21,613 |
| Year 18 | $53,405 | $29,636 | $23,769 |
| Year 19 | $58,337 | $32,220 | $26,118 |
| Year 20 | $63,566 | $34,896 | $28,670 |
| Year 21 | $69,107 | $37,671 | $31,436 |
| Year 22 | $74,982 | $40,553 | $34,429 |
| Year 23 | $81,209 | $43,548 | $37,661 |
| Year 24 | $87,809 | $46,665 | $41,144 |
| Year 25 | $94,806 | $49,913 | $44,893 |
Start Saving in Philo
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Ameren Illinois rates projected to rise again next year. Lock in savings now.