Is $68,835 to install solar panels a fair price?
Project Details
My dad's health is really bad, and I am helping him get his finances in order. About three years ago, when he wasn't 100% mentally sharp, he got involved in a PACE clean energy solar contract. I'm trying to figure out if he can get out of this contract/loan, as it seems he was schemed out of money by the solar company, contractor, and financing company. I'm sick to my stomach about it and don't have a lot of money to afford a lawyer, so I'm looking for advice.
Quote Details
This quote is for the installation of a solar panel system on the house. - Solar Panels: Solar Edge - Quantity: 20 panels - Cost per panel: $3,441.75 - Financing: Through Energy Efficient Equity - Interest Rate: 7.5% - Loan Term: 30 years - Loan Details: Includes "closing costs" and other fees, tied to property tax - Operation: Panels send power back to LADWP, homeowner receives bill credits (does not directly power or store energy for the house)
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More Details
Category
Solar
Price
$68,835
Quote Date
May 25, 2025
Location
California
Battery Storage?
No
# of Panels
20
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