Is $59,700 to 25-year solar power purchase agreement (PPA) a fair price?
Project Details
I live in a brand new construction house in MA. I started looking into solar after my first electric bill came in at just under $300. Financially, I don't have the option to buy the system outright in cash. I have only heard negative things about PPAs, but I'm wondering if this specific offer is a good deal.
Quote Details
This quote is for a 25-year Power Purchase Agreement (PPA) for a solar energy system. The monthly payment is fixed at $199 with a 0% annual increase. - Agreement Type: Power Purchase Agreement (PPA) - Term: 25 years - Monthly Payment: $199 - Escalation Rate: 0% annual increase - Service: Full service provided by the solar company - Ownership: Full ownership of the solar system transfers to the homeowner at the end of the 25-year term - Note: Specific system specifications (e.g., panel type, system size in kW) are not yet available.
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More Details
Category
Solar
Price
$59,700
Quote Date
June 4, 2025
Location
Massachusetts
Year Built
2024
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