Is $22,734 to 7.48 kw solar panel system installation a fair price?
Project Details
Homeowner in upstate New York looking to install solar to offset rising electricity rates and future EV charging/AC usage. Currently pays $150/month but expects $300-400/month in the future. Planning to finance using a combination of a 20-year loan and a 12-month interest-free loan to bridge the state tax credit.
Quote Details
Installation of a 7.48 kW residential solar system including: - 17 JA Solar JAM54D41 440/MB modules - 17 Enphase IQ8MC-72-M-US (240V) inverters - Resi Rooftop Promo discount of $5,461.18 - 20-year financing at 5.99% APR through First NY FCU - 12-month interest-free bridge loan through GreenSky for the $5,000 NY state tax credit
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More Details
Category
Solar
Price
$22,734
Quote Date
April 8, 2026
Location
New York
Battery Storage?
No
# of Panels
17
System Size (kW)
7.48
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