How Much Can Solar Save in Sheridan?
Real numbers based on current ComEd rates and Illinois incentives.
$145
Current Bill/mo
$141
Est. Lease + Battery
5.4 yrs
Payback Period
$48,817
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
$145
Annual Cost
$1,740
25-Year Cost (No Solar)
$95,464
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 Sheridan
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $145/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$15/mo |
| 5-Year Cost | $9,396 | $6,300 |
| 25-Year Cost | $95,464 | $46,647 |
| 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
$48,817
Without Solar
With Solar
Year 1Payback Year
$1,740
$1,559
Year 5
$9,809
$1,238
Year 10
$22,935
$10,169
Year 15
$40,500
$20,330
Year 20
$64,007
$32,246
Year 25
$95,464
$46,647
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,740 | $1,559 | $181 |
| Year 2 | $3,584 | -$3,689 | $7,273 |
| Year 3 | $5,539 | -$2,077 | $7,616 |
| Year 4 | $7,612 | -$435 | $8,047 |
| Year 5 | $9,809 | $1,238 | $8,570 |
| Year 6 | $12,137 | $2,945 | $9,192 |
| Year 7 | $14,605 | $4,689 | $9,916 |
| Year 8 | $17,222 | $6,472 | $10,749 |
| Year 9 | $19,995 | $8,298 | $11,697 |
| Year 10 | $22,935 | $10,169 | $12,766 |
| Year 11 | $26,051 | $12,088 | $13,963 |
| Year 12 | $29,354 | $14,060 | $15,294 |
| Year 13 | $32,855 | $16,088 | $16,767 |
| Year 14 | $36,566 | $18,177 | $18,389 |
| Year 15 | $40,500 | $20,330 | $20,170 |
| Year 16 | $44,670 | $22,553 | $22,117 |
| Year 17 | $49,090 | $24,850 | $24,240 |
| Year 18 | $53,776 | $27,228 | $26,548 |
| Year 19 | $58,742 | $29,691 | $29,052 |
| Year 20 | $64,007 | $32,246 | $31,761 |
| Year 21 | $69,587 | $34,899 | $34,688 |
| Year 22 | $75,503 | $37,658 | $37,845 |
| Year 23 | $81,773 | $40,530 | $41,243 |
| Year 24 | $88,419 | $43,524 | $44,895 |
| Year 25 | $95,464 | $46,647 | $48,817 |
Start Saving in Sheridan
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