I’m supposed to be getting an Enphase IQ8 micro inverter. I can’t see a kw rating on that though when I look it up. It looks like they go directly with each panel.
Ask for the cash price and see what the actual interest rate is. Generally the financed price is higher, and the interest rate is low. But if you’re planning to pay it off in 2 years, you might be better off saving up and buying in cash.
That’s just been my experience (oregon, not Washington)
That makes sense. Can’t you give PSE a call and see what the schedule is?
Otherwise you could check what the cash price is anyway, and use a HELOC or personal loan to get a fixed interest rate (this really only makes sense if you’re serious about paying it off quickly)
But seriously ask about the “cash price”. Because I was shocked at how much more the principle is on the financing offered through the Solar company. It seems solar companies are partnered with financing companies to make the monthly price palatable for larger groups of customers.
Yeah he should me what it would cost with a lower interest rate. I hate door to door sales men so I made him work. We say down and calculated every panel, micro inverter, framing, inverter, and permits and it came out to around $11k for just material. I’m paying $4k more for install of it all since I’m only paying 15k with the incentive. They’re obviously making more.
I looked everywhere to see if I can get the incentive if I buy and install the panels myself but I couldn’t find any details on that. It would turn a 15k system to a 12k system with my own labor
I pay approximately $200 for electrical monthly. At least that was my last bill, about $210 for electrical using 11kw or so. They promise me 7.4kw monthly. So whatever that is yearly. I didn’t want a full system. I wanted to start with 1 roof, get the permits and incentives and the net metering started then add to the system later if I wanted.
Sorry for the industry jargon, but measuring things in kW won’t give you the full picture, you want to compare things in “kWh”. Your utility bill should show your price in $/kWh and the solar company should have given you a production estimate from Helioscope or some kind of similar energy estimating software that shows expected annual kWh output
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