How Much Can Solar Save in Steeleville?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$136
Current Bill/mo
$143
Est. Lease + Battery
6.2 yrs
Payback Period
$43,099
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
$136
Annual Cost
$1,632
25-Year Cost (No Solar)
$89,539
Your Solar Investment
6 kW System
$17,400
$9,595
After All IL Incentives
DG Rebate ($300/kW)-$1,800
Illinois Shines RECs (lump sum, ~18 mo)-$6,005
With vs Without Solar in Steeleville
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $136/mo | $105/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$7/mo |
| 5-Year Cost | $8,813 | $6,300 |
| 25-Year Cost | $89,539 | $46,440 |
| 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
$43,099
Without Solar
With Solar
Year 1Payback Year
$1,632
$1,547
Year 5
$9,200
$1,993
Year 10
$21,511
$10,807
Year 15
$37,986
$20,791
Year 20
$60,034
$32,438
Year 25
$89,539
$46,440
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,632 | $1,547 | $85 |
| Year 2 | $3,362 | -$2,886 | $6,248 |
| Year 3 | $5,196 | -$1,288 | $6,484 |
| Year 4 | $7,139 | $337 | $6,802 |
| Year 5 | $9,200 | $1,993 | $7,207 |
| Year 6 | $11,384 | $3,681 | $7,703 |
| Year 7 | $13,699 | $5,404 | $8,295 |
| Year 8 | $16,153 | $7,164 | $8,989 |
| Year 9 | $18,754 | $8,964 | $9,790 |
| Year 10 | $21,511 | $10,807 | $10,704 |
| Year 11 | $24,434 | $12,697 | $11,737 |
| Year 12 | $27,532 | $14,637 | $12,895 |
| Year 13 | $30,816 | $16,629 | $14,186 |
| Year 14 | $34,297 | $18,679 | $15,617 |
| Year 15 | $37,986 | $20,791 | $17,196 |
| Year 16 | $41,898 | $22,968 | $18,929 |
| Year 17 | $46,043 | $25,216 | $20,827 |
| Year 18 | $50,438 | $27,540 | $22,898 |
| Year 19 | $55,096 | $29,945 | $25,151 |
| Year 20 | $60,034 | $32,438 | $27,596 |
| Year 21 | $65,268 | $35,023 | $30,245 |
| Year 22 | $70,816 | $37,709 | $33,107 |
| Year 23 | $76,697 | $40,502 | $36,195 |
| Year 24 | $82,931 | $43,410 | $39,521 |
| Year 25 | $89,539 | $46,440 | $43,099 |
Start Saving in Steeleville
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