How Much Can Solar Save in Shorewood?
Real numbers based on current ComEd rates and Illinois incentives.
$187
Current Bill/mo
$163
Est. Lease + Battery
8.3 yrs
Payback Period
$44,432
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
$187
Annual Cost
$2,244
25-Year Cost (No Solar)
$123,116
Your Solar Investment
12.5 kW System
$36,250
$19,340
After All IL Incentives
DG Rebate ($300/kW)-$3,750
Illinois Shines RECs (lump sum, ~18 mo)-$13,160
With vs Without Solar in Shorewood
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $187/mo | $219/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-61/mo |
| 5-Year Cost | $12,118 | $13,140 |
| 25-Year Cost | $123,116 | $78,684 |
| 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
$44,432
Without Solar
With Solar
Year 1
$2,244
$2,971
Year 2Payback Year
$4,623
-$7,188
Year 5
$12,650
$2,023
Year 10
$29,578
$18,241
Year 15
$52,231
$35,950
Year 20
$82,547
$55,796
Year 25
$123,116
$78,684
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $2,244 | $2,971 | -$727 |
| Year 2Payback | $4,623 | -$7,188 | $11,810 |
| Year 3 | $7,144 | -$4,153 | $11,297 |
| Year 4 | $9,817 | -$1,084 | $10,901 |
| Year 5 | $12,650 | $2,023 | $10,626 |
| Year 6 | $15,653 | $5,172 | $10,481 |
| Year 7 | $18,836 | $8,364 | $10,472 |
| Year 8 | $22,210 | $11,604 | $10,606 |
| Year 9 | $25,787 | $14,895 | $10,891 |
| Year 10 | $29,578 | $18,241 | $11,337 |
| Year 11 | $33,596 | $21,646 | $11,950 |
| Year 12 | $37,856 | $25,115 | $12,742 |
| Year 13 | $42,372 | $28,651 | $13,720 |
| Year 14 | $47,158 | $32,261 | $14,896 |
| Year 15 | $52,231 | $35,950 | $16,281 |
| Year 16 | $57,609 | $39,724 | $17,885 |
| Year 17 | $63,310 | $43,588 | $19,721 |
| Year 18 | $69,352 | $47,550 | $21,802 |
| Year 19 | $75,757 | $51,617 | $24,140 |
| Year 20 | $82,547 | $55,796 | $26,751 |
| Year 21 | $89,744 | $60,096 | $29,648 |
| Year 22 | $97,372 | $64,525 | $32,848 |
| Year 23 | $105,459 | $69,092 | $36,367 |
| Year 24 | $114,030 | $73,808 | $40,222 |
| Year 25 | $123,116 | $78,684 | $44,432 |
Start Saving in Shorewood
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