Is $3,500 to install a solar panel system a fair price?
Project Details
I'm retired and living in Mexico, and I'm looking into solar due to inflation. My current appliances include combo electric/gas mini split air conditioner-heating units, a water heater, a stovetop, and an oven. No battery was included in this quote. I asked about getting an option for higher performance panels to get some "head room," but none was included. Unfortunately, my Spanish is still quite basic, so it's a little difficult communicating; my wife is a native speaker but has zero understanding of anything even slightly technical. I'm wondering what would be a good target output to shoot for based on my usage, and what advice there is regarding the inverter. I've seen dual inverters might be an option and could allow for adding more panels in the future. I had considered getting an electric car in the future but dismissed it prior to going solar; it's not a priority but worth considering if possible.
Quote Details
This quote is for the installation of a solar panel system. The system includes: - 7 Jinko Tiger Neo N-Type 78HL4-BDV solar panels (590-610 Watt each) - 1 Solis Inverter 3.6 kW (Model: S6-GR1P3.6K) - Installed Capacity: 4,130 Watt - Projected Generation: 1,089 kWh - Cost per Installed Watt: $17.24 (MXN) - Estimated Investment Recovery: 3 years - Estimated Project Lifespan: 27 years - Estimated Watt Years of Free Clean Energy: 30 years - Estimated Project Profitability: $546,393.60 (MXN) General benefits of the system: - Potential to save up to 99% on energy bills. - Useful life of more than 25 years with proper care and maintenance. - Requires minimal maintenance every six months. - Up to 100% in tax deductions. - Resistant to various weather conditions (hail, wind, rain, humidity, temperature). - Contributes positively to the environment by generating clean electricity. Positive ecological footprint: - Estimated 71,449 Kg CO2 not emitted. - Equivalent to 143 trees planted. - Equivalent to 347 cars taken out of circulation.
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More Details
Category
Solar
Price
$3,500
Quote Date
June 14, 2025
Battery Storage?
No
# of Panels
7
System Size (kW)
4.13
Warranty (yrs)
25
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