How Much Can Solar Save in Ringwood?
Real numbers based on current ComEd rates and Illinois incentives.
$197
Current Bill/mo
$167
Est. Lease + Battery
6.9 yrs
Payback Period
$56,929
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
$197
Annual Cost
$2,364
25-Year Cost (No Solar)
$129,700
Your Solar Investment
10.5 kW System
$30,450
$16,246
After All IL Incentives
DG Rebate ($300/kW)-$3,150
Illinois Shines RECs (lump sum, ~18 mo)-$11,054
With vs Without Solar in Ringwood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $197/mo | $184/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-19/mo |
| 5-Year Cost | $12,766 | $11,040 |
| 25-Year Cost | $129,700 | $72,771 |
| 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
$56,929
Without Solar
With Solar
Year 1
$2,364
$2,590
Year 2Payback Year
$4,870
-$5,841
Year 5
$13,326
$2,254
Year 10
$31,159
$16,688
Year 15
$55,024
$32,743
Year 20
$86,961
$51,113
Year 25
$129,700
$72,770
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,364 | $2,590 | -$226 |
| Year 2Payback | $4,870 | -$5,841 | $10,711 |
| Year 3 | $7,526 | -$3,182 | $10,709 |
| Year 4 | $10,342 | -$485 | $10,827 |
| Year 5 | $13,326 | $2,254 | $11,073 |
| Year 6 | $16,490 | $5,037 | $11,453 |
| Year 7 | $19,843 | $7,868 | $11,975 |
| Year 8 | $23,398 | $10,751 | $12,646 |
| Year 9 | $27,165 | $13,690 | $13,476 |
| Year 10 | $31,159 | $16,688 | $14,471 |
| Year 11 | $35,393 | $19,751 | $15,642 |
| Year 12 | $39,881 | $22,882 | $16,998 |
| Year 13 | $44,637 | $26,088 | $18,550 |
| Year 14 | $49,680 | $29,373 | $20,307 |
| Year 15 | $55,024 | $32,743 | $22,281 |
| Year 16 | $60,690 | $36,205 | $24,484 |
| Year 17 | $66,695 | $39,766 | $26,929 |
| Year 18 | $73,061 | $43,432 | $29,629 |
| Year 19 | $79,809 | $47,212 | $32,597 |
| Year 20 | $86,961 | $51,113 | $35,848 |
| Year 21 | $94,543 | $55,144 | $39,399 |
| Year 22 | $102,579 | $59,315 | $43,264 |
| Year 23 | $111,098 | $63,636 | $47,462 |
| Year 24 | $120,128 | $68,117 | $52,011 |
| Year 25 | $129,700 | $72,770 | $56,929 |
Start Saving in Ringwood
Get a free, personalized solar analysis based on your actual ComEd bill and roof. Lease or own — we'll find the best option.
✓ $0 down lease available — save from day 1 with no upfront cost
ComEd rates projected to rise again next year. Lock in savings now.