Is $483 to install a solar panel system with battery storage a fair price?
Project Details
I am looking for a decent quote for solar panels. The company mentioned using Amigos and that I could potentially receive a credit of $100+/month during winter months, which I could cash in. I also believe there are free weekends included. My main concern is understanding the benefit of installing solar panels; I was told I would have 24/7 electricity and the electricity company would buy back my energy. Even though the monthly rate is higher than what I'm currently paying, I understand that electricity prices are expected to continue increasing.
Quote Details
This quote is for a solar panel system with battery storage, where the company owns the system and provides electricity. The system is estimated to produce 25,816 kWh annually, offsetting 75% of the estimated 34,600 kWh annual usage. The Year 1 total monthly payment is $482.68, which includes a 5% ACH discount. The annual payment escalator is 2.99%. A deposit of $0.00 is due today. The quote includes a 90% performance guarantee for 25 years, a 25-year warranty on parts, labor, and workmanship (including the battery), and a 10-year warranty on solar roof fasteners. The Year 1 solar rate is $0.150/kWh and the Year 1 battery service is $159.98/month.
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More Details
Category
Solar
Price
$483
Quote Date
July 9, 2025
Location
Texas
Battery Storage?
No
System Size (kW)
25.816
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