How Much Can Solar Save in Shipman?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$121
Current Bill/mo
$133
Est. Lease + Battery
6.4 yrs
Payback Period
$36,810
25-Year Savings
What You're Paying Now
Without solar, here's what Ameren Illinois electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Shipman
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$2/mo |
| 5-Year Cost | $7,841 | $5,820 |
| 25-Year Cost | $79,663 | $42,853 |
| 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
$36,810
Without Solar
With Solar
Year 1Payback Year
$1,452
$1,427
Year 5
$8,185
$1,874
Year 10
$19,139
$10,007
Year 15
$33,797
$19,218
Year 20
$53,413
$29,956
Year 25
$79,663
$42,853
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,452 | $1,427 | $25 |
| Year 2 | $2,991 | -$2,628 | $5,619 |
| Year 3 | $4,623 | -$1,154 | $5,776 |
| Year 4 | $6,352 | $346 | $6,006 |
| Year 5 | $8,185 | $1,874 | $6,311 |
| Year 6 | $10,128 | $3,431 | $6,697 |
| Year 7 | $12,188 | $5,021 | $7,167 |
| Year 8 | $14,371 | $6,645 | $7,726 |
| Year 9 | $16,685 | $8,306 | $8,379 |
| Year 10 | $19,139 | $10,007 | $9,131 |
| Year 11 | $21,739 | $11,751 | $9,988 |
| Year 12 | $24,495 | $13,540 | $10,955 |
| Year 13 | $27,417 | $15,379 | $12,038 |
| Year 14 | $30,514 | $17,270 | $13,244 |
| Year 15 | $33,797 | $19,218 | $14,579 |
| Year 16 | $37,277 | $21,226 | $16,051 |
| Year 17 | $40,965 | $23,299 | $17,666 |
| Year 18 | $44,875 | $25,442 | $19,433 |
| Year 19 | $49,020 | $27,659 | $21,361 |
| Year 20 | $53,413 | $29,956 | $23,457 |
| Year 21 | $58,069 | $32,339 | $25,731 |
| Year 22 | $63,006 | $34,813 | $28,193 |
| Year 23 | $68,238 | $37,386 | $30,852 |
| Year 24 | $73,784 | $40,063 | $33,721 |
| Year 25 | $79,663 | $42,853 | $36,810 |
Start Saving in Shipman
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