How Much Can Solar Save in Skokie?

Real numbers based on current ComEd rates and Illinois incentives.

$204

Current Bill/mo

$173

Est. Lease + Battery

25+ yrs

Years of Pure Profit

$70,296

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

$204

Annual Cost

$2,448

25-Year Cost (No Solar)

$134,308

Your Solar Investment

10 kW System

$27,500

$12,402

After All IL Incentives

DG Rebate ($300/kW)-$3,000

Illinois Shines RECs (lump sum, ~18 mo)-$12,098

With vs Without Solar in Skokie

Metric	Without Solar	With Solar
Monthly Cost	$204/mo	$165/mo (loan)
Monthly Cash Flow	-$0 (all to utility)	+$11/mo
5-Year Cost	$13,219	$9,900
25-Year Cost	$134,308	$64,012
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

$70,296

Without Solar

With Solar

Year 1Profit Starts Here

$2,448

$2,316

Year 5

$13,800

-$180

Year 10

$32,267

$12,804

Year 15

$56,980

$27,332

Year 20

$90,051

$44,083

Year 25

$134,308

$64,012

Year	Without Solar	With Solar	Cumulative Savings
Year 1Profit Starts	$2,448	$2,316	$132
Year 2	$5,043	-$7,434	$12,477
Year 3	$7,793	-$5,053	$12,847
Year 4	$10,709	-$2,636	$13,345
Year 5	$13,800	-$180	$13,979
Year 6	$17,076	$2,319	$14,757
Year 7	$20,548	$4,863	$15,685
Year 8	$24,229	$7,456	$16,773
Year 9	$28,131	$10,101	$18,029
Year 10	$32,267	$12,804	$19,463
Year 11	$36,651	$15,568	$21,083
Year 12	$41,298	$18,397	$22,901
Year 13	$46,223	$21,297	$24,926
Year 14	$51,445	$24,274	$27,171
Year 15	$56,980	$27,332	$29,647
Year 16	$62,846	$30,479	$32,368
Year 17	$69,065	$33,720	$35,346
Year 18	$75,657	$37,062	$38,595
Year 19	$82,644	$40,514	$42,130
Year 20	$90,051	$44,083	$45,968
Year 21	$97,902	$47,778	$50,124
Year 22	$106,224	$51,608	$54,616
Year 23	$115,046	$55,584	$59,462
Year 24	$124,397	$59,714	$64,682
Year 25	$134,308	$64,012	$70,296

Calculate YOUR Savings

Enter your actual ComEd bill to see a personalized 25-year savings projection.

$Enter Your Information

Average Monthly Electric Bill

Current Utility Rate ($/kWh)

Default: $0.16/kWh (ComEd & Ameren average)

Utility Rate Escalator: 4.5% per year

Conservative (2%)Historical Average (6%)Aggressive (10%)

How We Calculate Your Savings

This calculator uses your custom utility rate (default $0.16/kWh for Illinois) with a 4.5% annual escalator compared to our fixed lease rate of $0.10/kWh (avg.) for 15 years. A low-escalator option is also available for a lower starting payment. After the 15-year lease, you can keep the system for a low fair-market buyout — then your electricity cost drops to near-zero for the remaining life of the panels (25+ years). Your actual savings may vary based on your specific usage patterns and system size.

More Solar Resources for Skokie

Solar IncentivesRECs, rebates & tax exemptions Electricity RatesRate trends & bill analysis Solar FAQCommon questions answered

Start Saving in Skokie

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Or call (618) 217-2001|Info@ltdsolarconsulting.com