Is $46,728 to install a 15.84 kW solar panel system a fair price?
Project Details
I am in Southwest VA and have vetted 8 different providers, narrowing it down to these top 3 choices. I like all 3 companies equally well and feel they will all stand behind their work. Warranties are all comparable. My main concerns are efficiency after 25 years and overall efficiency. I'm not sure if I should ignore most of my concerns and go for the lowest $/watt or if I am being too picky. I am aware that the REC panels are a premium product with a premium price, but I wanted to consider them. Solar Holler also offered to prepay for all of my SREC's for the life of the system in exchange for rights to them, offering an additional $7740 off the top. They claim I can still report the original purchase price on my taxes to still get the full price rebate instead of it being reduced due to them buying the credits in advance. I do not think this is a good idea.
Quote Details
Quote for a 15.84 kW solar panel system installation. - System Size: 15.84 kW - Estimated Annual Production: 21,133 kWh - Number of Panels: 36 - Panel Model: Silfab SIL-440 QD- - Panel Efficiency: 22.6% - Panel End of Life (EOL) Efficiency: 89.3% - Inverters: Enphase IQ8AC-72-M-US [240V] - Offset: 105% - Cost per Watt: $2.95
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More Details
Category
Solar
Price
$46,728
Quote Date
May 16, 2025
Location
Virginia
# of Panels
36
System Size (kW)
15.84
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