Is $14,631 to install a solar panel system (cash option) a fair price?
Project Details
I am looking to install solar very soon and got a pretty finalized quote for my house. I am looking for feedback to see if it looks ok.
Quote Details
This quote is for a cash purchase of a solar panel system, detailing the equipment, system performance, and financial breakdown after incentives. System Specifications: - Modules: Hanwha QCELL Q.TRON BLK 435W (x19) - Inverter: SolarEdge 10000 (Domestic) - Optimizer: SolarEdge U650 (Domestic) (x19) - System Size: 8.265 kW - Estimated Yearly Production: 9,466 kWh Financial Breakdown (Cash Option): - Cash Price: $27,274.50 - Federal Tax Credit: ($8,182.35) - MA Solar Tax Credit: ($1,000.00) - MA Renewable Energy Credit: ($3,461.26) - Net System Cost: $14,631 Performance and Savings: - Solar Offset: 134% - Current Utility Bill: $205 - Your Solar Payment: $0 - New Utility Bill: -$44 - Current Cost per kWh: $0.35/kWh - Avg. 30-yr Cost per Solar kWh: $0.054/kWh - Estimated 30-Year Savings: $168,232 - Additional Benefit: Annual checks for generating power from sold renewable energy credits in Massachusetts.
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More Details
Category
Solar
Price
$14,631
Quote Date
June 13, 2025
Location
Massachusetts
Battery Storage?
No
# of Panels
19
System Size (kW)
8.265
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