Is $34,272 to install a solar panel system a fair price?
Project Details
My wife and I are trying to get solar panels before the tax credit ends. Unfortunately, we have not stayed in our house for over a year to get an accurate amount of kilowatts needed for the whole year. We currently have three bills from our electric company (May through July). In May we used about 1400 kW in June 2500 kW and in July 2100 kW. Any feedback is greatly appreciated.
Quote Details
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
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More Details
Category
Solar
Price
$34,272
Quote Date
July 20, 2025
Battery Storage?
No
System Size (kW)
11.455
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