Got a quote for solar panels. Seems high

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Talked to a guy about a quote and the cost seems a bit high compared to what I’m seeing here. I haven’t done too much research, but I’m still reading up on it. I’m currently with Gexa using Texas New Mexico Electric in the Dallas Area.

System Size 9.2 kW

Year 1 Solar Production 12,325 kWh

Annual Degradation 0.72%

25 Year System Production 281,501 kWh

Estimated Cost Per KWh $0.185/kWh

Total Loan Amount $49,178.47

APR 2.99%

Loan Term 25yr with a $255 monthly bill

Seemed a bit high

submitted by /u/fateless115
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Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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