How Much Can Solar Save in Wood River?
Real numbers based on current Ameren Illinois rates and Illinois incentives.
$121
Current Bill/mo
$136
Est. Lease + Battery
6.2 yrs
Payback Period
$39,310
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
$121
Annual Cost
$1,452
25-Year Cost (No Solar)
$79,663
Your Solar Investment
5.5 kW System
$15,950
$8,795
After All IL Incentives
DG Rebate ($300/kW)-$1,650
Illinois Shines RECs (lump sum, ~18 mo)-$5,505
With vs Without Solar in Wood River
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $121/mo | $97/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$6/mo |
| 5-Year Cost | $7,841 | $5,820 |
| 25-Year Cost | $79,663 | $40,353 |
| 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
$39,310
Without Solar
With Solar
Year 1Payback Year
$1,452
$1,378
Year 5
$8,185
$1,600
Year 10
$19,139
$9,376
Year 15
$33,797
$18,120
Year 20
$53,413
$28,250
Year 25
$79,663
$40,353
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $1,452 | $1,378 | $74 |
| Year 2 | $2,991 | -$2,729 | $5,720 |
| Year 3 | $4,623 | -$1,309 | $5,932 |
| Year 4 | $6,352 | $133 | $6,219 |
| Year 5 | $8,185 | $1,600 | $6,585 |
| Year 6 | $10,128 | $3,093 | $7,035 |
| Year 7 | $12,188 | $4,616 | $7,572 |
| Year 8 | $14,371 | $6,169 | $8,203 |
| Year 9 | $16,685 | $7,755 | $8,931 |
| Year 10 | $19,139 | $9,376 | $9,762 |
| Year 11 | $21,739 | $11,036 | $10,703 |
| Year 12 | $24,495 | $12,738 | $11,758 |
| Year 13 | $27,417 | $14,483 | $12,934 |
| Year 14 | $30,514 | $16,276 | $14,238 |
| Year 15 | $33,797 | $18,120 | $15,676 |
| Year 16 | $37,277 | $20,020 | $17,257 |
| Year 17 | $40,965 | $21,978 | $18,987 |
| Year 18 | $44,875 | $23,999 | $20,876 |
| Year 19 | $49,020 | $26,088 | $22,931 |
| Year 20 | $53,413 | $28,250 | $25,162 |
| Year 21 | $58,069 | $30,491 | $27,579 |
| Year 22 | $63,006 | $32,815 | $30,191 |
| Year 23 | $68,238 | $35,229 | $33,009 |
| Year 24 | $73,784 | $37,739 | $36,045 |
| Year 25 | $79,663 | $40,353 | $39,310 |
Start Saving in Wood River
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