How Much Can Solar Save in South Elgin?
Real numbers based on current ComEd rates and Illinois incentives.
$181
Current Bill/mo
$161
Est. Lease + Battery
5.9 yrs
Payback Period
$59,475
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
$181
Annual Cost
$2,172
25-Year Cost (No Solar)
$119,166
Your Solar Investment
8.5 kW System
$24,650
$12,420
After All IL Incentives
DG Rebate ($300/kW)-$2,550
Illinois Shines RECs (lump sum, ~18 mo)-$9,680
With vs Without Solar in South Elgin
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $181/mo | $149/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$5/mo |
| 5-Year Cost | $11,729 | $8,940 |
| 25-Year Cost | $119,166 | $59,691 |
| 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
$59,475
Without Solar
With Solar
Year 1Payback Year
$2,172
$2,106
Year 5
$12,244
$1,163
Year 10
$28,629
$12,987
Year 15
$50,555
$26,231
Year 20
$79,898
$41,510
Year 25
$119,166
$59,690
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,172 | $2,106 | $66 |
| Year 2 | $4,474 | -$5,439 | $9,913 |
| Year 3 | $6,915 | -$3,273 | $10,187 |
| Year 4 | $9,502 | -$1,073 | $10,575 |
| Year 5 | $12,244 | $1,163 | $11,081 |
| Year 6 | $15,150 | $3,437 | $11,713 |
| Year 7 | $18,231 | $5,754 | $12,478 |
| Year 8 | $21,497 | $8,115 | $13,382 |
| Year 9 | $24,959 | $10,525 | $14,434 |
| Year 10 | $28,629 | $12,987 | $15,641 |
| Year 11 | $32,518 | $15,506 | $17,013 |
| Year 12 | $36,642 | $18,085 | $18,557 |
| Year 13 | $41,012 | $20,729 | $20,283 |
| Year 14 | $45,645 | $23,442 | $22,202 |
| Year 15 | $50,555 | $26,231 | $24,324 |
| Year 16 | $55,761 | $29,100 | $26,660 |
| Year 17 | $61,278 | $32,056 | $29,222 |
| Year 18 | $67,127 | $35,105 | $32,022 |
| Year 19 | $73,327 | $38,254 | $35,073 |
| Year 20 | $79,898 | $41,510 | $38,389 |
| Year 21 | $86,864 | $44,881 | $41,984 |
| Year 22 | $94,248 | $48,375 | $45,873 |
| Year 23 | $102,075 | $52,001 | $50,074 |
| Year 24 | $110,371 | $55,770 | $54,602 |
| Year 25 | $119,166 | $59,690 | $59,475 |
Start Saving in South Elgin
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