Is $26,279 to install a solar energy system with electrical upgrades a fair price?
Project Details
The quote was originally with jinco panels and quite a bit lower but apparently those are hard to come by right now.
Quote Details
This quote is for a full turnkey solar energy system installation, including all necessary electrical upgrades and associated work. The system is designed to produce 99.6% of your yearly power requirements, with an estimated payback period of 8.6 years and significant long-term savings. - System Size: 7.4kW-DC / 5.53kW-AC - Solar Panels: 17 Hanwha Q.TRON BLK 435W panels - Inverters: 17 Enphase IQ8MC micro-inverters - Warranty: 25-year manufacturer's warranty for panels and inverters - Included in Turnkey Installation: Materials, Design, Permitting, Installation, Utility/interconnection costs - Electrical Upgrades: 200 amp panel upgrade, EVSE (Electric Vehicle Supply Equipment) installation, knob and tube remediation - Year 1 Savings: $2,796 - Lifetime Savings: $96,476 - Cost of Solar Power: $0.123/kWh - Netting Incentive (Eversource): Power produced but not consumed is "netted" at the same rate as electricity purchase. Net credits are applied to your bill to offset future charges. Excess credits can be carried over each month and cashed out if service stops. Compensation rate fluctuates over a 20-year term.
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More Details
Category
Solar
Price
$26,279
Quote Date
June 29, 2025
Battery Storage?
No
# of Panels
17
System Size (kW)
7.4
Warranty (yrs)
25
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