How Much Can Solar Save in Waukegan?
Real numbers based on current ComEd rates and Illinois incentives.
$146
Current Bill/mo
$142
Est. Lease + Battery
6.7 yrs
Payback Period
$42,428
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
$146
Annual Cost
$1,752
25-Year Cost (No Solar)
$96,123
Your Solar Investment
8 kW System
$23,200
$11,690
After All IL Incentives
DG Rebate ($300/kW)-$2,400
Illinois Shines RECs (lump sum, ~18 mo)-$9,110
With vs Without Solar in Waukegan
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $146/mo | $140/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | $-17/mo |
| 5-Year Cost | $9,461 | $8,400 |
| 25-Year Cost | $96,123 | $53,695 |
| 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
$42,428
Without Solar
With Solar
Year 1
$1,752
$1,956
Year 2Payback Year
$3,609
-$5,174
Year 5
$9,876
$931
Year 10
$23,093
$11,792
Year 15
$40,779
$23,833
Year 20
$64,448
$37,563
Year 25
$96,123
$53,694
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1 | $1,752 | $1,956 | -$204 |
| Year 2Payback | $3,609 | -$5,174 | $8,783 |
| Year 3 | $5,578 | -$3,167 | $8,745 |
| Year 4 | $7,664 | -$1,133 | $8,798 |
| Year 5 | $9,876 | $931 | $8,945 |
| Year 6 | $12,221 | $3,028 | $9,193 |
| Year 7 | $14,706 | $5,159 | $9,547 |
| Year 8 | $17,340 | $7,329 | $10,012 |
| Year 9 | $20,133 | $9,539 | $10,594 |
| Year 10 | $23,093 | $11,792 | $11,301 |
| Year 11 | $26,230 | $14,092 | $12,139 |
| Year 12 | $29,556 | $16,442 | $13,114 |
| Year 13 | $33,082 | $18,846 | $14,235 |
| Year 14 | $36,818 | $21,308 | $15,510 |
| Year 15 | $40,779 | $23,833 | $16,947 |
| Year 16 | $44,978 | $26,424 | $18,554 |
| Year 17 | $49,429 | $29,088 | $20,341 |
| Year 18 | $54,147 | $31,828 | $22,319 |
| Year 19 | $59,148 | $34,651 | $24,497 |
| Year 20 | $64,448 | $37,563 | $26,886 |
| Year 21 | $70,067 | $40,570 | $29,498 |
| Year 22 | $76,023 | $43,679 | $32,345 |
| Year 23 | $82,337 | $46,897 | $35,440 |
| Year 24 | $89,029 | $50,233 | $38,796 |
| Year 25 | $96,123 | $53,694 | $42,428 |
Start Saving in Waukegan
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