209 Harbor Mill Dr, Troy, IL 62294
Compared with staying on Southwestern Electric Cooperative and absorbing every rate increase for the next 25 years.
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.
31 panels, 14.26 kW, producing about 19,908 kWh a year.
Illustration. Your surveyed roof layout is in the full proposal.
Orange is Southwestern Electric Cooperative, climbing 7.5% a year. Green is your loan payment, which is fixed and never rises. Your payment starts higher than your current bill, and the power bill passes it in year 12. From there the gap is money you keep.
A loan is a fixed payment, so the early years cost more than staying with the utility. Your power bill passes your loan payment in year 12, and you come out ahead overall in year 19.
Your first five years, with all 25 a click away. Southwestern Electric Cooperative escalated 7.5% annually from $222 a month. The loan payment is fixed at $344.21 for the first 36 months, then $478.13 for the remainder of the term.
| Year | Southwestern Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 1 | $222 | $344 | $-122 | $-1,463 | $-1,463 |
| 2 | $239 | $344 | $-105 | $-1,262 | $-2,725 |
| 3 | $257 | $344 | $-87 | $-1,047 | $-3,772 |
| 4 | $276 | $478 | $-202 | $-2,423 | $-6,195 |
| 5 | $297 | $478 | $-181 | $-2,175 | $-8,370 |
| 25 yr | $181,365 | $138,618 | $42,747 | $42,747 | |
| Illinois SRECs paid to you | $16,754 | $16,754 | |||
| Total 25-year savings | $59,501 | $59,501 | |||
| Year | Southwestern Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 6 | $319 | $478 | $-159 | $-1,907 | $-10,277 |
| 7 | $343 | $478 | $-135 | $-1,620 | $-11,897 |
| 8 | $369 | $478 | $-109 | $-1,311 | $-13,208 |
| 9 | $397 | $478 | $-82 | $-979 | $-14,188 |
| 10 | $426 | $478 | $-52 | $-622 | $-14,810 |
| 11 | $458 | $478 | $-20 | $-239 | $-15,049 |
| 12 | $493 | $478 | $14 | $174 | $-14,875 |
| 13 | $530 | $478 | $51 | $617 | $-14,258 |
| 14 | $569 | $478 | $91 | $1,094 | $-13,164 |
| 15 | $612 | $478 | $134 | $1,606 | $-11,558 |
| 16 | $658 | $478 | $180 | $2,157 | $-9,402 |
| 17 | $707 | $478 | $229 | $2,749 | $-6,653 |
| 18 | $760 | $478 | $282 | $3,385 | $-3,268 |
| 19 | $817 | $478 | $339 | $4,069 | $802 |
| 20 | $879 | $478 | $400 | $4,805 | $5,607 |
| 21 | $944 | $478 | $466 | $5,596 | $11,203 |
| 22 | $1,015 | $478 | $537 | $6,446 | $17,648 |
| 23 | $1,091 | $478 | $613 | $7,359 | $25,008 |
| 24 | $1,173 | $478 | $695 | $8,342 | $33,349 |
| 25 | $1,261 | $478 | $783 | $9,398 | $42,747 |