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$6,600 for a New 7.10 KW Solar Panel System

 Installed is what I paid for my Solar System! 



Hello,
I’m just a average homeowner and I DO NOT work for this company.  Thought I’d just SHARE this information for those of you that are looking for affordable solar.


All the solar company's I had looked at were about $15,000 to $30,000 for a system and I have looked at solar for many years until I came across this company.   Now I get to keep 100% of my electric savings month after month for myself, and there is NO monthly fees.  I will give you their website at the end. 

They are a nation wide company and  have contract’s with many large corporations such as Walmart where they installed solar systems in over 100 stores.  They have also installed a 650 KW system at eBay in San Jose, 12 MW system in the City of Lancaster Lancaster, CA,  and 100's of more large system’s throughout the U.S.  The company stock is listed on the NY Stock Exchange.  This company is named #10 on Fast Company's list of the 50 most innovative companies in the world.  Last year Google partnered with this company to create $280 Million Fund for residential solar projects, nation’s largest to date.  So they are not a here today and gone tomorrow company.


They currently service home and business owners in Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas and Washington D.C.  They are hoping to expand to more states in the near future.


They have several  types of payment plans available.


3 Solar Lease Plans and 1 Purchase Plan: 
  • $0 Down Payment Plan, - you pay nothing  for the system but you owe monthly payments for 20 years.
  • Initial Payment Plan - you put some money down and finance the rest as monthly payments over 20 years.
  • The Pre-Pay Plan - you pay the 20 year lease up front and owe nothing more which is what I did.  This was the best price plan with the most annual savings of the three lease plans.
  • Purchase Plan - not a lease, you purchase the system, cost more than all the lease plans. 



Here are some of the services they provide:
  • They handle all the work permits.
  • They handle all the paper work for the solar incentives.
  • All the inspections are handled by them.
  • Complete set of  design drawings showing the panels and wire path for your    home.
  • 100 % coverage on all parts including labor that becomes defective for 20 years. (lease plan)
  • They monitor your system for performance throughout the 20 years.  (lease plan)
  • They guarantee yearly KWH output performance of your equipment for 20 years or they pay you the difference. (lease plan)
  • You get your own account where you can monitor your system’s output on-line in real time. (lease plan)
  •  They also accept credit cards as full payment.
 

They take care of everything for you.  You don’t need to put up a lot of cash to start the process.  Just a small down payment is required.  Installation usually takes about 3-5 days to complete.  (mine took 2 days)  You are kept informed of every step in the process using their on-line account.  The solar panels that were installed on my home were Kyocera’s 215 watts each made in the USA.  See photo’s below.   They use conduit for all electrical runs. On the second day of  the installation there were 6 professional guys installing the solar panels and 2 electricians working on the electric setup.   

The power that I am able to generate is enough to run my entire house all day and at the same time sell the surplus back to the electric company.  Even during rainy days I can still generate power (900-1100 watts) with my system.  I'm sure they can set you up with a system to fit your needs.    

The down payment for my system was $1000.  Half of the remaining balance was due when they started the installation and the remaining balance was due after the installation was completed.  They accept credit cards so I was able to put the entire amount on my credit card and get double miles from the cc company.

Anyhow let me point you to the web site where you can get more information . They have several different plans to help you with payments if you decide to go that route.  I took the Pre-Pay Lease Plan only because I didn’t want any monthly payments.  With the low lease prices you may want to do the same.  It’s worth checking it out.  I’m very glad I did.

If you do the math you could earn 20% - 25% per year on that $6600 investment depending on your annual electric consumption.   Plus solar increases the value of your home without increasing your assessment value.
 



NEWS!! - Just Released For NY State - NEWS!!

For New York State Only, Governor Cuomo has signed the most aggressive Solar initiative to date.

The bill Mario Jr. signed in a few weeks ago will allow Home Owners “ leasing systems “ in the state of New York to receive a tax credit for 25% up to $5,000 of expenditures over a 14 year period . This means that if a you chose the Pay As You Go option you can claim 25% of your payments each year, for 14 years, with a max of $5000.  For example, if you have a $100 fixed payment you’ll be able to take a credit of $300 ($1200 x 25%) each year until year 14, meaning they’ll be able to claim $4200 total. You may incur the allowable tax credit as soon as your tax liability allows.


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NOTE:
The $6,600 I paid for this 7.10 KW system may vary depending on your location, size of the system, tax incentives, transportation costs and so on.




Let’s face it, electric rates are going up, so why wait?



Here’s their web site:    http://friends.solarcity.com/a/clk/4BpTH0




PS.......They are offering for a limited time a $500 Visa® Prepaid Card or $500 discount off the solar system price when you purchase a system.


Don't forget to check out the photos!


 USA Inquires Only 


I hope I was of some help to you and best of luck on your solar search. 


Thank You!!