Is $36,828 to install an 11.04 kW solar panel system a fair price?
Project Details
My wife and I recently purchased a home in Northern Virginia and are interested in solar. We just got our quote through our power company today and, having never really looked into solar before, I wanted to get advice. Our power company estimated our annual energy consumption based off our first 2 electric bills plus similar bills in our neighborhood to be around 14600 kWh, so this system would cover 100% of our needs. I'm asking if this is a good price for the system and for thoughts on the financing. The interest rate is what it is in this environment, but an added $2k fees seems kind of crazy. We are also considering dropping a couple panels to get closer to 90% of our usage to prevent getting over 100% generation and losing credits. Each panel dropped would reduce overall cost by $1200-$1400. We have a couple panels on our garage that are estimated at 89-91% efficiency, so those would be the panels we’d drop. The rep said it’s better to stay under 100% than constantly be over 100% year over year and have paid more for the system. Generally labor costs here are well above national averages. I also asked about the 1:1 net metering and they told me that even if it changes in the future I’d be grandfathered forever. I'm not sure if that was a lie.
Quote Details
This quote is for the installation of an 11.04 kW solar panel system. - System Type: Solar PV - Panel Quantity: 24 - Panel Model: REC Alpha Pure 460W - Inverter Quantity: 24 - Inverter Model: Enphase IQ8X - System Size: 11.04 kW - Estimated Annual Generation: 14678 kWh - Net Metering: 1:1, with credits expiring annually - Additional Work: Includes $1500 for boring between the house and detached garage to connect garage panels - Net Metering Grandfathering: Rep stated 1:1 net metering would be grandfathered forever
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More Details
Category
Solar
Price
$36,828
Quote Date
June 6, 2025
Location
Virginia
# of Panels
24
System Size (kW)
11.04
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