How Much Can Solar Save in Reddick?
Real numbers based on current ComEd rates and Illinois incentives.
$135
Current Bill/mo
$137
Est. Lease + Battery
7.1 yrs
Payback Period
$37,401
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
$135
Annual Cost
$1,620
25-Year Cost (No Solar)
$88,881
Your Solar Investment
8 kW System
$23,200
$11,690
After All IL Incentives
DG Rebate ($300/kW)-$2,400
Illinois Shines RECs (lump sum, ~18 mo)-$9,110
With vs Without Solar in Reddick
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $135/mo | $140/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-25/mo |
| 5-Year Cost | $8,748 | $8,400 |
| 25-Year Cost | $88,881 | $51,480 |
| 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
$37,401
Without Solar
With Solar
Year 1
$1,620
$1,923
Year 2Payback Year
$3,337
-$5,243
Year 5
$9,132
$737
Year 10
$21,353
$11,321
Year 15
$37,707
$22,967
Year 20
$59,593
$36,137
Year 25
$88,881
$51,479
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,620 | $1,923 | -$303 |
| Year 2Payback | $3,337 | -$5,243 | $8,580 |
| Year 3 | $5,157 | -$3,275 | $8,433 |
| Year 4 | $7,087 | -$1,282 | $8,369 |
| Year 5 | $9,132 | $737 | $8,395 |
| Year 6 | $11,300 | $2,786 | $8,514 |
| Year 7 | $13,598 | $4,867 | $8,731 |
| Year 8 | $16,034 | $6,981 | $9,053 |
| Year 9 | $18,616 | $9,131 | $9,485 |
| Year 10 | $21,353 | $11,321 | $10,032 |
| Year 11 | $24,254 | $13,552 | $10,702 |
| Year 12 | $27,329 | $15,829 | $11,500 |
| Year 13 | $30,589 | $18,155 | $12,434 |
| Year 14 | $34,044 | $20,533 | $13,512 |
| Year 15 | $37,707 | $22,967 | $14,740 |
| Year 16 | $41,589 | $25,461 | $16,128 |
| Year 17 | $45,705 | $28,021 | $17,684 |
| Year 18 | $50,067 | $30,650 | $19,418 |
| Year 19 | $54,691 | $33,353 | $21,338 |
| Year 20 | $59,593 | $36,137 | $23,456 |
| Year 21 | $64,788 | $39,007 | $25,781 |
| Year 22 | $70,296 | $41,969 | $28,326 |
| Year 23 | $76,133 | $45,031 | $31,103 |
| Year 24 | $82,321 | $48,198 | $34,123 |
| Year 25 | $88,881 | $51,479 | $37,401 |
Start Saving in Reddick
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