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.
You say...
Vote Distribution
These ratings are not endorsed by Quote Critic. They are submitted by other Quote Critic users like you.
More Details
Category
Solar
Price
$59,700
Quote Date
June 4, 2025
Location
Massachusetts
Year Built
2024
Comments
No comments yet
Sign in to share your thoughts and ask questions.
Similar Quotes
Install a solar power purchase agreement (PPA)
This quote is for a 25-year Power Purchase Agreement (PPA) for solar installation, provided by Palmetto with EMPWR Solar LLP as the licensed installer. The agreement includes: - PPA Term: 25 years - Annual Escalator: 2.99% - Initial Monthly Payment: $147.69 - First Year Generation: 13,128 kWh - Initial Rate: $0.135 per kWh - Battery/Storage: Not included
Install a solar panel system via a Power Purchase Agreement (PPA)
This quote is for a 25-year Power Purchase Agreement (PPA) to install an 8 kW solar panel system. The agreement includes a 3.5% annual escalator on the payment. The estimated production for year 1 is 9,530 kWh, with an annual production degradation of 0.5%. - PPA Year 1 Monthly Payment: $158.83 - PPA Term: 25 years - Annual Escalator: 3.5% - System Size: 8 kW - Estimated Production Year 1: 9,530 kWh - Annual Production Degradation: 0.5% - Inverter: 1 x SolarEdge SE10000H-US Home Hub - Panels: 20 x JA Solar JAM54S31-405/MR
Enter into a 25-year PPA for a 19.125kW solar system
This quote is for a 25-year Power Purchase Agreement (PPA) for a solar energy system. The 2.99% rate escalator has been removed from the agreement. - System Size: 19.125kW - PPA Term: 25 Years - Rate Escalator: 2.99% rate escalator removed - Production Guarantee: 61208 kWh in the first 3 years - Guarantee Return: $0.15 per kWh if production guarantee fails - Protection Plan: 25 Year "protection plan" included - Warranties: Performance warranty on panels, Equipment warranty on inverters, Installation warranty, Roof penetration warranty