How Much Can Solar Save in Washington Park?
Real numbers based on current ComEd rates and Illinois incentives.
$108
Current Bill/mo
$125
Est. Lease + Battery
5.7 yrs
Payback Period
$36,515
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
$108
Annual Cost
$1,296
25-Year Cost (No Solar)
$71,104
Your Solar Investment
5 kW System
$14,500
$7,306
After All IL Incentives
DG Rebate ($300/kW)-$1,500
Illinois Shines RECs (lump sum, ~18 mo)-$5,694
With vs Without Solar in Washington Park
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $108/mo | $88/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$6/mo |
| 5-Year Cost | $6,998 | $5,280 |
| 25-Year Cost | $71,104 | $34,589 |
| 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
$36,515
Without Solar
With Solar
Year 1Payback Year
$1,296
$1,227
Year 5
$7,306
$620
Year 10
$17,082
$7,496
Year 15
$30,166
$15,186
Year 20
$47,674
$24,049
Year 25
$71,104
$34,590
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,296 | $1,227 | $69 |
| Year 2 | $2,670 | -$3,223 | $5,893 |
| Year 3 | $4,126 | -$1,962 | $6,088 |
| Year 4 | $5,670 | -$681 | $6,351 |
| Year 5 | $7,306 | $620 | $6,686 |
| Year 6 | $9,040 | $1,943 | $7,097 |
| Year 7 | $10,878 | $3,291 | $7,588 |
| Year 8 | $12,827 | $4,664 | $8,163 |
| Year 9 | $14,893 | $6,065 | $8,828 |
| Year 10 | $17,082 | $7,496 | $9,587 |
| Year 11 | $19,403 | $8,959 | $10,444 |
| Year 12 | $21,863 | $10,457 | $11,407 |
| Year 13 | $24,471 | $11,992 | $12,479 |
| Year 14 | $27,236 | $13,567 | $13,668 |
| Year 15 | $30,166 | $15,186 | $14,980 |
| Year 16 | $33,272 | $16,851 | $16,420 |
| Year 17 | $36,564 | $18,566 | $17,998 |
| Year 18 | $40,054 | $20,335 | $19,719 |
| Year 19 | $43,753 | $22,161 | $21,592 |
| Year 20 | $47,674 | $24,049 | $23,625 |
| Year 21 | $51,831 | $26,004 | $25,827 |
| Year 22 | $56,236 | $28,030 | $28,207 |
| Year 23 | $60,907 | $30,132 | $30,774 |
| Year 24 | $65,857 | $32,317 | $33,540 |
| Year 25 | $71,104 | $34,590 | $36,515 |
Start Saving in Washington Park
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