Is $55,890 to install a 13.5 kW solar panel system a fair price?
Project Details
I have a family member who says this is the best price they can get me, but I'm not sure after doing some research online. I've seen average prices around $35,000 before tax credit and I'm wondering if those are financed. My current energy bill has been high, recently up to $450 (normally $375-$450), possibly due to a faulty meter. I'm also concerned about the financing terms, specifically the 3.99% APR, as I've heard of lower rates previously. I'm unsure about how the tax credit works and if I will actually receive the $17,000 back, especially since I normally don't owe taxes. This is crucial because if I don't get the tax credit, my monthly payment will increase significantly to $360/month. I would prefer to pay off the system sooner, but the current price makes it difficult.
Quote Details
This quote is for the installation of a 13.5 kW solar panel system designed to offset 88% of energy consumption and produce 10,400 kWh annually. The system includes: - System Size: 13.5 kW - Energy Offset: 88% - Production: 10,400 kWh - Module Type: Hanwha Q cell 410W C+ BOB - Inverter: Enphase IQ8MC - Number Of Panels: 33 - Financing Terms: 3.99% APR for 20 years - Monthly Payment: $247.93 - Payment Adjustment: If 30% of the loan is not paid down by month 18, the monthly payment will increase to $355.
You say...
Vote Distribution
These ratings are not endorsed by Quote Critic. They are submitted by other Quote Critic users like you.
More Details
Category
Solar
Price
$55,890
Quote Date
August 21, 2025
Location
Connecticut
Battery Storage?
No
# of Panels
33
System Size (kW)
13.5
Comments
No comments yet
Sign in to share your thoughts and ask questions.
Similar Quotes
Install a 15.75 kW solar panel system
This quote is for the installation of a 15.75 kW solar panel system with an estimated annual production of 15,216.2 kWh, achieving a 96% offset of current electricity usage. The price per watt is $2.45. The system includes comprehensive warranties. - Panels: 35x Canadian 6 L 450W - Inverters: 35x ENPHASE ENERGY IQ 8 AC 72 M US 240 V - Federal Tax Credit (ITC): $11,576.25 - SRECs (Solar Renewable Energy Credits): Estimated $538 per year - Loan Option: Soarion, 20-year term at 6.49% interest, with no dealer fee, resulting in a monthly payment of $298 (this loan amount does not include the ITC being applied to it). - Roof Penetration Warranty: 15 years - All-Inclusive Warranty: 25 years (covers workmanship, materials, etc.) - Manufacturer Warranties: Standard manufacturer warranties apply
Install a solar panel system
This quote is for a solar panel system installation with a 11.455 kW capacity. The system includes 29 REC395AA PURE BLACK panels and 29 IQ8PLUS-72-2-US [240V] inverters. It is estimated to produce 17,407 kWh in the first year, offsetting 118% of consumption. The quote also includes comprehensive warranties and system monitoring. A loan option is available for the gross cost. - System Size: 11.455 kW - Panels: 29x REC395AA PURE BLACK - Inverters: 29x IQ8PLUS-72-2-US [240V] - Estimated First Year Production: 17,407 kWh - Consumption Offset: 118% - Workmanship Warranty: PES 25 Year - Roof Penetration Warranty: PES 25 Year - Monitoring: Online System Monitoring - Additional Service: AeroSEAL (ONE Unit) - Gross Cost: $48,959.58 - Discounts & Rebates: -$0.00 - Federal Tax Credit: Residential Renewable Energy Tax Credit - 30% (-$14,687.87) - Loan Option: Available for $48,959.58 at 3.99% APR over 25 years
Install a solar panel system
This quote is for the installation of a solar panel system with a gross project value of $32,663.68, reduced to $21,864.58 after federal and state tax credits. The system is designed to cover 149% of annual utility usage (though the homeowner notes this is closer to 120% of actual usage). - Solar Panels: 21 REC460AA panels - Inverters: Enphase IQ8X - System Size (DC): 9.66 kW - System Size (AC): 8.064 kW - Year 1 Production: 10,136 kWh - Annual Usage: 6,809 kWh - Array 1: 10 panels, 4,600 W, 5,113 kWh production - Array 2: 11 panels, 5,060 W, 5,023 kWh production - Included: Critter Guard - Warranty: Solar Insure 30-year warranty - Federal Tax Credit: -$9,799.10 - State Tax Credit: -$1,000.00