- September 19, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
Thoughts on these quotes? I’m gathering quotes to compare for a PV system. My electric bills for the past year are averaging 1111 kWh per month. I’m not interested in a battery backup at this time. I have a gas furnace and water heater. The first company I got a quote from suggested a 10.3 kW system with 29 Logi panels and a SolarEdge inverter, saying it would produce 102% of my yearly energy. Cash price $27,032.
The second company said the first company wasn’t not accounting correctly for shading and suggested a 14.1 kW system with 38 Silfab panes and 19 APsystems microinverters, saying this would generate 116% of my yearly energy. Cash price $37,000.
Both offer a 25-year, $0 down, 1.99% APR loan.
| Company | 1 | 2 |
|---|---|---|
| System kWh | 14.1 | 10.295 |
| Est. Yearly Production | 14813 kWh (116%) | 13211 kWh (102%) |
| Panels | x38 370W Silfab Prime SIL-370 HC | x29 355W Longi LR4-60HPB-355M |
| Inverter | x19 APSystems DS3 Microinverter | x2 Solar Edge SE4000 |
| Cash cost | $37,000 | $27,032 |
| $/Wh | $2.6241 | $2.6257 |
| Cash ITC | $11,100 | $8,109 |
| Net Cash after ITC | $25,900 | $18,923 |
| Finance cost | $47,000 | $36,042 |
| 18 mo ITC payment | $14,100 | $10,812 |
| Amortized after 18 mo. | $32,900.00 | $25,230.00 |
| Financing APR | 1.99% | 1.99% |
| Loan length | 25 | 25 |
| Interest paid | $8,886.39 | $6,814.00 |
| Monthly payments | $139.29 | $108.47 |
| $/Wh financed | $3.9636 | $4.1628 |
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