HELIO
White Hall, IL · 237 King St, White Hall, IL 62092 · created by INVd…5555

King St — White Hall

Build 26.91 kW × $1.15/W + 96 kWh × $250. REC contract 552 RECs × $80.92 (Group A · Ameren Illinois, 16 kW-AC, CF 24.70%). Rebates fixed at $300/kW + 96 kWh × $300.

Application ID1172865_20260915_1.pdf · sha256 a5d69265581e5c0f…

Filling
APR18.00%fixed · $1 → $1.059 in 120d
Coverage1.30x$71,491 cash at takeout
Points now2.00x2x empty → 1x full
Lockup90d90–120 days
$0 funded of $54,947$54,947 left
Lend into this roof
Wallet 0 USDC · in note 0 USDC · 18.00% APR from the day you deposit · 120 days ≈ $59.18 interest · +1,991 points

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Underwriting

Where every dollar comes from

Build (lender principal)
Solar hardware
$0.80/W-DC
$21,528
Installer base
$0.33/W-DC
$8,880
Day-one bonus
$0.02/W-DC, if built in one day
$538
Storage
96 kWh × $225 + $25 install
$24,000
Note size
$54,947
REC contract (Illinois Shines 2026–27)
Size / bin
Small DG · Group A · Ameren Illinois
16 kW-AC · >10–25 kW AC
Quantity
lesser of Part I/II · estimate 501
552 RECs
Price
base $60.92 + $20 customer-owned
$80.92/REC
Contract value
$44,668
Cash at day 90–120
Ameren solar rebate
$300/kW-DC, fixed
$8,073
Ameren storage rebate
$300/kWh
$28,800
First REC payment
50% at energization
$22,334
Collateral held (5%)
released later to HELIO
− $2,233
Factored REC tail
$22,334 face × 65%
$14,517
Total cash
1.30x of build
$71,491
Waterfall
Lender principal
$54,947
Interest @ 18.00%, 120d
$3,252
Creator 5x cash
$2,691
Installer 7% of factor
$1,016
HELIO
+ collateral later · customer PPA
$9,585
Lifecycle

Stages

  1. S0
    Creator imports the Illinois Shines application, pays $20/kW
  2. 1
    S1current
    Filling at a fixed APR (18–24%, from REC coverage) · points 2x → 1x
  3. 2
    S2
    Funded — 90–120 day lockup starts
  4. 3
    S3
    Built — installer paid $0.33/W (+ $0.02/W day-one)
  5. 4
    S4
    Permission to Operate, rebates filed
  6. 5
    S5
    Takeout + REC tail factored at 65% — lenders repaid P+I
  7. 6
    S6
    5% REC collateral released — closed
Book

Lenders

No lenders yet. The first dollar earns 2x points.
On-chain log

Activity

create_note Dec 31, 1969
King St — White Hall · 26.91 kW-DC / 16 kW-AC + 96 kWh · 552 RECs × $80.92 · 1.30x coverage → 18.00% APR · fee 538.20 · app a5d6926558…