Is $43,378 to purchase and installation of a custom solar system a fair price?
Project Details
I am considering this quote for a solar system in New Jersey and am seeking feedback. The company has an excellent local reputation.
Quote Details
This quote is for the purchase and installation of a custom solar system, designed to provide significant energy savings and incentives. The system is a cash purchase with no monthly solar payments. - System Size: 15.660 DC kW (STC) - Year One Production: 21,099 kWh - Inverters: (36) Enphase Energy IQ8HC-72-M-US [240V] - Solar Modules: (36) Qcells North America Q.TRON BLK M-G2+ 435 - Included: Solar Guards and Monitoring - Estimated First Year Utility Savings: $4,810.00 - Estimated First Year REC Incentives: $1,793.38 - Estimated Total First Year Returns: $6,594.38 - Estimated Payback Period: 4.4 Years - Average Remaining Electric Bill (with solar): $6.00 (compared to $406.08 without solar) - Monthly Solar Payments: $0 - Monthly Average REC Incentive: -$149.45 - Total Average Monthly Payments: -$143.45 (net positive cash flow)
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More Details
Category
Other
Price
$43,378
Quote Date
June 24, 2025
Location
New Jersey
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