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I did some work on house about 3 years ago and put on a completely new roof in the process. Since then I've been intruiged by the possiblity of going solar. I'm more in it for the cost savings/benefits than the green benefits, though I'm obviously not upset about those benefits. I live in Northern NJ and I use about 12,000-13,000 kWh per year and pay about 17 cents per kWh via PSEG.
I initially got a quote from Sunrun via Costco. It was for a 7.95 kW system consisting of 30 Canadian Solar CS6P 265 watt panels with the Enphase M250 micro-inverter. Total price before any government rebates is $28,500 though I'd also get a Costco cash card for $1,044 (which is like cash for me). So figure about $27,500 after cash card. They also offer 3.99% financing with zero down and no fees or pre-payment penalties. They estimate that I'd be producing 9,491 kWh, about 77% of my energy usage.
I just got another quote from Green Power Energy in NJ and they are looking at doing a 10.5 kW system consisting of 35 Winaico WSP-M6 300 watt panels and Solaredge inverter/power optimizers. They're saying that it should produce about 12,585 kWh which is about 100% of my energy production. However, the cost is $36,000. They also have a financing deal though the rate is a little higher. Of course I can always get a 5.99% (in that range) home equity loan and take advantage of the tax deductability of the interest.
Does anyone have some comments about these quotes? I'm really new to this stuff though I've done some research in the last week. I've crunched the numbers and the Green Power Energy quote seems much better, producing significantly more net savings over 10 years. However, I'm a little scared off from the higher price point. They did say they'd get back to me regarding some alternative panels which may reduce the price a little bit.
Aside from the bigger more powerful system (10.5 kW vs. 7.95 kW) are the Winaico panels "better" than the Canadian Solar ones? Any thoughts on the inverters?
I initially got a quote from Sunrun via Costco. It was for a 7.95 kW system consisting of 30 Canadian Solar CS6P 265 watt panels with the Enphase M250 micro-inverter. Total price before any government rebates is $28,500 though I'd also get a Costco cash card for $1,044 (which is like cash for me). So figure about $27,500 after cash card. They also offer 3.99% financing with zero down and no fees or pre-payment penalties. They estimate that I'd be producing 9,491 kWh, about 77% of my energy usage.
I just got another quote from Green Power Energy in NJ and they are looking at doing a 10.5 kW system consisting of 35 Winaico WSP-M6 300 watt panels and Solaredge inverter/power optimizers. They're saying that it should produce about 12,585 kWh which is about 100% of my energy production. However, the cost is $36,000. They also have a financing deal though the rate is a little higher. Of course I can always get a 5.99% (in that range) home equity loan and take advantage of the tax deductability of the interest.
Does anyone have some comments about these quotes? I'm really new to this stuff though I've done some research in the last week. I've crunched the numbers and the Green Power Energy quote seems much better, producing significantly more net savings over 10 years. However, I'm a little scared off from the higher price point. They did say they'd get back to me regarding some alternative panels which may reduce the price a little bit.
Aside from the bigger more powerful system (10.5 kW vs. 7.95 kW) are the Winaico panels "better" than the Canadian Solar ones? Any thoughts on the inverters?
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