How Much Can Solar Save in Sheldon?
Real numbers based on current ComEd rates and Illinois incentives.
$118
Current Bill/mo
$128
Est. Lease + Battery
5.4 yrs
Payback Period
$40,383
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
$118
Annual Cost
$1,416
25-Year Cost (No Solar)
$77,688
Your Solar Investment
5 kW System
$14,500
$7,306
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,694
With vs Without Solar in Sheldon
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $118/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$12/mo |
| 5-Year Cost | $7,646 | $5,280 |
| 25-Year Cost | $77,688 | $37,305 |
| 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
$40,383
Without Solar
With Solar
Year 1Payback Year
$1,416
$1,271
Year 5
$7,982
$873
Year 10
$18,664
$8,101
Year 15
$32,959
$16,282
Year 20
$52,088
$25,824
Year 25
$77,688
$37,306
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,416 | $1,271 | $145 |
| Year 2 | $2,917 | -$3,132 | $6,049 |
| Year 3 | $4,508 | -$1,820 | $6,328 |
| Year 4 | $6,194 | -$486 | $6,680 |
| Year 5 | $7,982 | $873 | $7,109 |
| Year 6 | $9,877 | $2,258 | $7,619 |
| Year 7 | $11,886 | $3,671 | $8,215 |
| Year 8 | $14,015 | $5,114 | $8,901 |
| Year 9 | $16,272 | $6,590 | $9,682 |
| Year 10 | $18,664 | $8,101 | $10,563 |
| Year 11 | $21,200 | $9,650 | $11,550 |
| Year 12 | $23,888 | $11,239 | $12,649 |
| Year 13 | $26,737 | $12,872 | $13,865 |
| Year 14 | $29,757 | $14,552 | $15,206 |
| Year 15 | $32,959 | $16,282 | $16,677 |
| Year 16 | $36,352 | $18,065 | $18,287 |
| Year 17 | $39,949 | $19,907 | $20,042 |
| Year 18 | $43,762 | $21,811 | $21,951 |
| Year 19 | $47,804 | $23,782 | $24,022 |
| Year 20 | $52,088 | $25,824 | $26,264 |
| Year 21 | $56,630 | $27,944 | $28,686 |
| Year 22 | $61,443 | $30,145 | $31,298 |
| Year 23 | $66,546 | $32,435 | $34,111 |
| Year 24 | $71,955 | $34,820 | $37,135 |
| Year 25 | $77,688 | $37,306 | $40,383 |
Start Saving in Sheldon
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