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
26 panels, 11.96 kW, producing about 16,059 kWh a year.
Your actual roof layout from the design team.
What you pay every month, for 25 years
Orange is Norris 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 7. From there the gap is money you keep.
Your system
Where this lands
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 7. You come out ahead overall in year 11.
Year by year
Your first five years, with all 25 a click away. Norris Electric Cooperative escalated 7.5% a year, starting from $190 a month. The loan payment is fixed at $276.89 a month for the full 300 months and never escalates.
| Year | Norris Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 1 | $190 | $277 | -$87 | -$1,042 | -$1,042 |
| 2 | $204 | $277 | -$73 | -$871 | -$1,912 |
| 3 | $220 | $277 | -$57 | -$687 | -$2,599 |
| 4 | $236 | $277 | -$41 | -$489 | -$3,088 |
| 5 | $254 | $277 | -$23 | -$276 | -$3,364 |
| 25 yr | $155,058 | $83,067 | $71,991 | $71,991 | |
| Illinois Small DG project adder paid to you | $4,731 | $4,731 | |||
| Total 25-year savings | $76,722 | $76,722 | |||
View all 25 yearsShow less
| Year | Norris Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 6 | $273 | $277 | -$4 | -$48 | -$3,412 |
| 7 | $293 | $277 | $16 | $198 | -$3,215 |
| 8 | $315 | $277 | $38 | $462 | -$2,753 |
| 9 | $339 | $277 | $62 | $745 | -$2,008 |
| 10 | $364 | $277 | $88 | $1,051 | -$957 |
| 11 | $392 | $277 | $115 | $1,379 | $421 |
| 12 | $421 | $277 | $144 | $1,731 | $2,152 |
| 13 | $453 | $277 | $176 | $2,110 | $4,263 |
| 14 | $487 | $277 | $210 | $2,518 | $6,780 |
| 15 | $523 | $277 | $246 | $2,956 | $9,736 |
| 16 | $562 | $277 | $286 | $3,427 | $13,162 |
| 17 | $605 | $277 | $328 | $3,933 | $17,095 |
| 18 | $650 | $277 | $373 | $4,477 | $21,572 |
| 19 | $699 | $277 | $422 | $5,062 | $26,634 |
| 20 | $751 | $277 | $474 | $5,691 | $32,324 |
| 21 | $807 | $277 | $531 | $6,367 | $38,691 |
| 22 | $868 | $277 | $591 | $7,093 | $45,784 |
| 23 | $933 | $277 | $656 | $7,875 | $53,659 |
| 24 | $1,003 | $277 | $726 | $8,714 | $62,373 |
| 25 | $1,078 | $277 | $801 | $9,617 | $71,991 |
The fine print
- What this compares. Your current average power bill of $190 a month against your solar loan payment over 25 years. The utility is escalated at 7.5% per year. The loan payment does not escalate, it is fixed at $276.89 a month for all 300 months of the term.
- Your Illinois incentives. The proposal estimates $15,656 in Illinois SRECs and $4,731 from the Illinois Small DG Customer-Owned Project Adder, both yours because you own the system. The $276.89 monthly payment shown already has the SREC amount applied to the loan, which is why it is lower than it would otherwise be, so only the $4,731 adder is added to the savings total above. Both figures are estimates and depend on the program, your production and reporting.
- Still connected to the grid. You are still connected to the utility grid and would be expected to pay a small fixed monthly rate, considered the standard connection fee.
- This is an estimate, not a contract. Production, rates and savings are projections. Nothing here is a guarantee.