Is $86,535 to install a solar panel system with battery storage a fair price?
Quote Details
This proposal outlines the installation of a comprehensive solar energy system with battery storage. - Solar Panels: 40 REC 450W panels - Battery Storage: 1 Tesla Powerwall 3 with 2 Expansion Packs (40.5 kWh total) - Inverter: 1 Tesla Powerwall 3 Inverter - DC System Size: 18.00 kW - Estimated Annual Production: 20.67 MWh - Estimated Energy Offset: 74.48% - Installation: Full installation is included, specifically for a cedar shake roof. The upfront system cost is $86,535. Various incentives are available, including a Federal Tax Credit (30% of cost, $25,960), SREC Program Year 1 ($14,793), SREC Program Year 15 ($1,199), and a ComEd DG Rebate ($17,550). The total estimated incentives amount to $59,502.50, bringing the net cost after incentives to $27,033.
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More Details
Category
Solar
Price
$86,535
Quote Date
June 17, 2025
Location
Illinois
Battery Storage?
No
# of Panels
40
System Size (kW)
18.00
Warranty (yrs)
0
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