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
21 panels, 9.66 kW, producing about 12,618 kWh a year.
Your actual roof layout from the design team.
What you pay every month, for 25 years
Orange is MJM 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 9. 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 9, and you come out ahead overall in year 14.
Year by year
Your first five years, with all 25 a click away. MJM Electric Cooperative escalated 7.5% annually from $171 a month. The loan payment is fixed at $211.74 for the first 36 months, then $297.10 for the remainder of the term.
| Year | MJM Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 1 | $171 | $212 | $-41 | $-492 | $-492 |
| 2 | $184 | $212 | $-28 | $-338 | $-830 |
| 3 | $197 | $212 | $-14 | $-173 | $-1,003 |
| 4 | $212 | $297 | $-85 | $-1,020 | $-2,023 |
| 5 | $228 | $297 | $-69 | $-829 | $-2,852 |
| 25 yr | $139,287 | $86,057 | $53,230 | $53,230 | |
| Illinois SRECs paid to you | $12,273 | $12,273 | |||
| Total 25-year savings | $65,502 | $65,502 |
View all 25 yearsShow less
| Year | MJM Electric Cooperative | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 6 | $245 | $297 | $-52 | $-624 | $-3,475 |
| 7 | $264 | $297 | $-34 | $-403 | $-3,878 |
| 8 | $283 | $297 | $-14 | $-166 | $-4,044 |
| 9 | $305 | $297 | $7 | $89 | $-3,955 |
| 10 | $327 | $297 | $30 | $363 | $-3,592 |
| 11 | $352 | $297 | $55 | $658 | $-2,934 |
| 12 | $378 | $297 | $81 | $975 | $-1,959 |
| 13 | $407 | $297 | $110 | $1,315 | $-644 |
| 14 | $437 | $297 | $140 | $1,681 | $1,037 |
| 15 | $470 | $297 | $173 | $2,075 | $3,111 |
| 16 | $505 | $297 | $208 | $2,498 | $5,609 |
| 17 | $543 | $297 | $246 | $2,952 | $8,561 |
| 18 | $584 | $297 | $287 | $3,441 | $12,002 |
| 19 | $628 | $297 | $331 | $3,967 | $15,969 |
| 20 | $675 | $297 | $378 | $4,531 | $20,500 |
| 21 | $725 | $297 | $428 | $5,139 | $25,639 |
| 22 | $780 | $297 | $483 | $5,791 | $31,430 |
| 23 | $838 | $297 | $541 | $6,493 | $37,924 |
| 24 | $901 | $297 | $604 | $7,248 | $45,171 |
| 25 | $969 | $297 | $672 | $8,059 | $53,230 |
The fine print
- What this compares. Your current average power bill of $171 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 $211.74 for months 1 to 36 and $297.10 for months 37 to 300.
- Your Illinois SRECs are included. The proposal estimates $12,273 in Illinois SRECs, which are yours because you own the system. That amount is added to the savings total above. The monthly loan payments shown are the schedule as written, so this is money you receive on top of them. SREC values 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.