I am sending over a quick recap of our conversation and the specific terms we discussed for your solar project. At EMPWR 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
51 panels, 22.44 kW, producing about 27,113 kWh a year.
Your actual roof layout from the design team.
What you pay every month, for 25 years
Orange is Powell Valley Electric Coop, 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 11. 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 11, and you come out ahead overall in year 18.
Year by year
Your first five years, with all 25 a click away. Powell Valley Electric Coop escalated 7.5% a year, starting from $262 a month. The loan payment is fixed at $509.00 a month for the whole term.
| Year | Powell Valley Electric Coop | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 1 | $262 | $509 | -$247 | -$2,964 | -$2,964 |
| 2 | $282 | $509 | -$227 | -$2,728 | -$5,692 |
| 3 | $303 | $509 | -$206 | -$2,475 | -$8,167 |
| 4 | $325 | $509 | -$184 | -$2,202 | -$10,369 |
| 5 | $350 | $509 | -$159 | -$1,909 | -$12,278 |
| 25 yr | $213,722 | $152,700 | $61,022 | $61,022 |
View all 25 yearsShow less
| Year | Powell Valley Electric Coop | Solar | Saved / mo | Saved / yr | Running total |
|---|---|---|---|---|---|
| 6 | $376 | $509 | -$133 | -$1,594 | -$13,873 |
| 7 | $404 | $509 | -$105 | -$1,256 | -$15,129 |
| 8 | $435 | $509 | -$74 | -$892 | -$16,021 |
| 9 | $467 | $509 | -$42 | -$501 | -$16,521 |
| 10 | $502 | $509 | -$7 | -$80 | -$16,602 |
| 11 | $540 | $509 | $31 | $372 | -$16,230 |
| 12 | $580 | $509 | $71 | $858 | -$15,372 |
| 13 | $624 | $509 | $115 | $1,380 | -$13,991 |
| 14 | $671 | $509 | $162 | $1,942 | -$12,050 |
| 15 | $721 | $509 | $212 | $2,546 | -$9,504 |
| 16 | $775 | $509 | $266 | $3,195 | -$6,309 |
| 17 | $833 | $509 | $324 | $3,892 | -$2,417 |
| 18 | $896 | $509 | $387 | $4,642 | $2,226 |
| 19 | $963 | $509 | $454 | $5,449 | $7,674 |
| 20 | $1,035 | $509 | $526 | $6,315 | $13,990 |
| 21 | $1,113 | $509 | $604 | $7,247 | $21,237 |
| 22 | $1,196 | $509 | $687 | $8,249 | $29,486 |
| 23 | $1,286 | $509 | $777 | $9,326 | $38,812 |
| 24 | $1,383 | $509 | $874 | $10,483 | $49,295 |
| 25 | $1,486 | $509 | $977 | $11,728 | $61,022 |
The fine print
- What this compares. Your current average power bill of $262 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 $509.00 a month for all 300 months.
- 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.