How Much Can Solar Save in Ransom?
Real numbers based on current ComEd rates and Illinois incentives.
$129
Current Bill/mo
$137
Est. Lease + Battery
5.7 yrs
Payback Period
$44,712
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
$129
Annual Cost
$1,548
25-Year Cost (No Solar)
$84,930
Your Solar Investment
6 kW System
$17,400
$8,767
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,833
With vs Without Solar in Ransom
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $129/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$8/mo |
| 5-Year Cost | $8,359 | $6,300 |
| 25-Year Cost | $84,930 | $40,218 |
| 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
$44,712
Without Solar
With Solar
Year 1Payback Year
$1,548
$1,448
Year 5
$8,726
$605
Year 10
$20,404
$8,674
Year 15
$36,031
$17,663
Year 20
$56,944
$27,984
Year 25
$84,930
$40,218
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,548 | $1,448 | $100 |
| Year 2 | $3,189 | -$3,919 | $7,108 |
| Year 3 | $4,928 | -$2,433 | $7,361 |
| Year 4 | $6,772 | -$925 | $7,697 |
| Year 5 | $8,726 | $605 | $8,121 |
| Year 6 | $10,798 | $2,161 | $8,637 |
| Year 7 | $12,994 | $3,743 | $9,250 |
| Year 8 | $15,321 | $5,355 | $9,967 |
| Year 9 | $17,789 | $6,997 | $10,791 |
| Year 10 | $20,404 | $8,674 | $11,730 |
| Year 11 | $23,176 | $10,387 | $12,789 |
| Year 12 | $26,115 | $12,139 | $13,975 |
| Year 13 | $29,230 | $13,934 | $15,296 |
| Year 14 | $32,531 | $15,774 | $16,758 |
| Year 15 | $36,031 | $17,663 | $18,368 |
| Year 16 | $39,741 | $19,605 | $20,136 |
| Year 17 | $43,674 | $21,603 | $22,070 |
| Year 18 | $47,842 | $23,663 | $24,179 |
| Year 19 | $52,260 | $25,788 | $26,472 |
| Year 20 | $56,944 | $27,984 | $28,960 |
| Year 21 | $61,909 | $30,255 | $31,653 |
| Year 22 | $67,171 | $32,608 | $34,563 |
| Year 23 | $72,750 | $35,049 | $37,701 |
| Year 24 | $78,663 | $37,583 | $41,080 |
| Year 25 | $84,930 | $40,218 | $44,712 |
Start Saving in Ransom
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