How Much Can Solar Save in Rankin?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$110
Current Bill/mo
$132
Est. Lease + Battery
6.5 yrs
Payback Period
$35,778
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
$110
Annual Cost
$1,320
25-Year Cost (No Solar)
$72,421
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 Rankin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $110/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$0/mo |
| 5-Year Cost | $7,128 | $5,820 |
| 25-Year Cost | $72,421 | $36,643 |
| 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
$35,778
Without Solar
With Solar
Year 1Payback Year
$1,320
$1,316
Year 5
$7,441
$1,243
Year 10
$17,399
$8,528
Year 15
$30,724
$16,598
Year 20
$48,557
$25,805
Year 25
$72,421
$36,644
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,320 | $1,316 | $4 |
| Year 2 | $2,719 | -$2,858 | $5,577 |
| Year 3 | $4,202 | -$1,510 | $5,712 |
| Year 4 | $5,774 | -$143 | $5,918 |
| Year 5 | $7,441 | $1,243 | $6,198 |
| Year 6 | $9,207 | $2,650 | $6,557 |
| Year 7 | $11,080 | $4,080 | $6,999 |
| Year 8 | $13,065 | $5,535 | $7,529 |
| Year 9 | $15,169 | $7,017 | $8,151 |
| Year 10 | $17,399 | $8,528 | $8,871 |
| Year 11 | $19,763 | $10,070 | $9,693 |
| Year 12 | $22,268 | $11,645 | $10,623 |
| Year 13 | $24,924 | $13,256 | $11,668 |
| Year 14 | $27,740 | $14,906 | $12,833 |
| Year 15 | $30,724 | $16,598 | $14,126 |
| Year 16 | $33,888 | $18,335 | $15,552 |
| Year 17 | $37,241 | $20,121 | $17,120 |
| Year 18 | $40,795 | $21,958 | $18,837 |
| Year 19 | $44,563 | $23,851 | $20,712 |
| Year 20 | $48,557 | $25,805 | $22,752 |
| Year 21 | $52,790 | $27,823 | $24,967 |
| Year 22 | $57,278 | $29,911 | $27,367 |
| Year 23 | $62,034 | $32,073 | $29,962 |
| Year 24 | $67,077 | $34,315 | $32,761 |
| Year 25 | $72,421 | $36,644 | $35,778 |
Start Saving in Rankin
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