At CORVUS PRO SOLAR, our goal is to make this process as transparent and “easy” as possible, a sentiment echoed by many of your neighbors in our 4.9 star Google Reviews.
Your system at a glance
7 panels, 3.22 kW, producing about 4,445 kWh a year.
Your actual roof layout from the design team.
What you pay every month, for 25 years
Orange is what you pay if you do nothing, your power bill climbing 7.5% a year. Green is what solar costs you all in, the loan payment plus the power bill you still receive after solar. The loan payment is not fixed, it rises 2.9% every 12 months. Green sits above orange in year one and stays above it for the whole 25 years, so the green bar never becomes a saving.
Your system
Where this lands
In year one this plan costs $74 a month more than doing nothing, because the loan payment of $112.05 sits on top of the $60 power bill you still receive. The payment rises 2.9% every 12 months, so the gap does not close. Across the full 25 years the plan costs $12,803 more than staying as you are, after your Illinois SRECs are counted.
Year by year
Your first five years, with all 25 a click away. Doing nothing starts at $98 a month and climbs 7.5% a year. The loan starts at $112.05 and climbs 2.9% every 12 months. The power bill that remains starts at $60 and climbs with the utility. Figures in brackets are money out of your pocket.
| Year | Do nothing | Loan | Bill left | Solar all in | Difference / mo | Running total |
|---|---|---|---|---|---|---|
| 1 | $98 | $112 | $60 | $172 | ($74) | ($885) |
| 2 | $106 | $115 | $64 | $180 | ($74) | ($1,774) |
| 3 | $113 | $119 | $69 | $188 | ($74) | ($2,666) |
| 4 | $122 | $122 | $74 | $196 | ($74) | ($3,559) |
| 5 | $131 | $126 | $80 | $206 | ($74) | ($4,453) |
| 25 yr | $80,078 | $48,385 | $48,808 | $97,193 | ($17,115) | ($17,115) |
| Illinois SRECs paid to you | $4,312 | $4,312 | ||||
| Total 25-year cost of this plan | ($12,803) | ($12,803) | ||||
View all 25 yearsShow less
| Year | Do nothing | Loan | Bill left | Solar all in | Difference / mo | Running total |
|---|---|---|---|---|---|---|
| 6 | $141 | $129 | $86 | $215 | ($74) | ($5,343) |
| 7 | $152 | $133 | $92 | $225 | ($74) | ($6,230) |
| 8 | $163 | $137 | $99 | $236 | ($73) | ($7,109) |
| 9 | $175 | $141 | $107 | $248 | ($72) | ($7,979) |
| 10 | $188 | $145 | $115 | $260 | ($71) | ($8,836) |
| 11 | $202 | $149 | $123 | $272 | ($70) | ($9,677) |
| 12 | $217 | $153 | $133 | $286 | ($69) | ($10,500) |
| 13 | $234 | $158 | $143 | $300 | ($67) | ($11,299) |
| 14 | $251 | $162 | $153 | $316 | ($64) | ($12,071) |
| 15 | $270 | $167 | $165 | $332 | ($62) | ($12,811) |
| 16 | $290 | $172 | $177 | $349 | ($59) | ($13,515) |
| 17 | $312 | $177 | $190 | $367 | ($55) | ($14,176) |
| 18 | $336 | $182 | $205 | $387 | ($51) | ($14,789) |
| 19 | $361 | $187 | $220 | $407 | ($47) | ($15,348) |
| 20 | $388 | $193 | $236 | $429 | ($41) | ($15,844) |
| 21 | $417 | $198 | $254 | $453 | ($36) | ($16,272) |
| 22 | $448 | $204 | $273 | $477 | ($29) | ($16,623) |
| 23 | $482 | $210 | $294 | $504 | ($22) | ($16,886) |
| 24 | $518 | $216 | $316 | $532 | ($14) | ($17,054) |
| 25 | $557 | $223 | $339 | $562 | ($5) | ($17,115) |
The fine print
- This plan costs more than doing nothing. Over 25 years it comes to $12,803 more than staying with SouthEastern Illinois Electric Cooperative, with your Illinois SRECs already counted in your favor. There is no year inside the term where the power bill you avoid is larger than what solar costs you. The proposal says the same thing in its own numbers: it prices your solar power at $0.449 a kWh against the $0.271 a kWh you pay the co-op today.
- What this compares. Your current average power bill of $98 a month, escalated at 7.5% per year, against what solar costs you all in: the loan payment plus the power bill you still receive after solar. Leaving that remaining bill out would make this plan look far better than it is.
- The loan payment is not fixed. It starts at $112.05 a month and rises 2.9% every 12 months for the full term, reaching $223 a month in year 25. The loan amount is $22,849.30 at 5.99%.
- You still get a power bill. You stay connected to SouthEastern Illinois Electric Cooperative. The proposal puts that remaining bill at $718 a year in year one. A 102% offset does not take the bill to zero, and it is included in every figure on this page.
- Your Illinois SRECs are included. The proposal estimates $4,312 in Illinois SRECs, which are yours because you own the system. That amount is counted in your favor above. SREC values are estimates and depend on the program, your production and reporting.
- This is an estimate, not a contract. Production, rates and savings are projections. Nothing here is a guarantee.