Author Topic: Solar panels  (Read 3742 times)

Offline skyguy918

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Re: Solar panels
« Reply #30 on: October 25, 2018, 01:06:24 PM »
Are you buying it or leasing? It seems most places want to lease and then bill you monthly.
Bought (with financing only because the rate was incredibly low). The company I went with never even brought up leasing. I also got quotes through pickmysolar.com. Most of the quotes had a cash option and a financing option. I don't remember whether they even offered lease.

Offline yesitsme

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Offline cozmohoot

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Re: Solar panels
« Reply #32 on: October 25, 2018, 01:58:10 PM »
Bought (with financing only because the rate was incredibly low). The company I went with never even brought up leasing. I also got quotes through pickmysolar.com. Most of the quotes had a cash option and a financing option. I don't remember whether they even offered lease.
Mind sharing who set you up with the service?

Offline skyguy918

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Re: Solar panels
« Reply #33 on: October 25, 2018, 03:10:52 PM »
Mind sharing who set you up with the service?
I'd prefer to wait till my system is live before posting anything about the company. Still waiting on NYC DOB inspection to get it turned on.

I can tell you what I got though. I ended up with 14 LG 350W panels, with Enphase IQ7 microinverters and monitoring system. I actually really liked the sound of the SunPower systems, but with a limited amount of space for the panel, I wanted to maximize wattage. For whatever reason, all the SunPower installers would only provide quotes with the lower wattage panels (even though I know they make at least a 360W panel). The lower total output, coupled with slightly higher cost, pushed me to choose the company I went with. There are other installers that would have done the same system - I'll get into that once I'm ready to post more about the company.

ETA: I'm curious to hear whether Sunpower has gained a pricing advantage out in the market now that they've gotten the tariff exemption.
« Last Edit: October 25, 2018, 03:13:57 PM by skyguy918 »

Offline skyguy918

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Re: Solar panels
« Reply #34 on: October 25, 2018, 03:44:54 PM »
https://www.google.com/get/sunroof#p=0
This does a good job of showing areas that will produce more or less, but it seems like it's way off on the usable square footage. If I'm reading this right, it thinks I could only fit 3 standard panels on my roof, instead of the 14 I have installed. Interesting though to see the full map of my neighborhood, and how all the flat roofed rowhouses, which are oriented N/S (slightly tilted towards NW/SE), are good for solar, with the north facing houses being even more suited.

Offline cozmohoot

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Re: Solar panels
« Reply #35 on: March 07, 2019, 11:57:59 AM »
Following up..
Anything new to share?

I plan on speaking to someone to see if its worthwhile for me in NY.

Offline skyguy918

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Re: Solar panels
« Reply #36 on: March 07, 2019, 01:24:44 PM »
Following up..
Anything new to share?

I plan on speaking to someone to see if its worthwhile for me in NY.
I wouldn't suggest the installer I used. Everything will likely work out for me in the end, but too many hassles, delays, etc.

I started looking into this in May of last year. Signed a contract with my installer around a month later. I won't go through all of the details of the timing, but the bottom line is that the system wasn't operational (ie producing electricity for me) until nearly December. And since then I've had a full week of the system being offline, and issues where they had to come out to adjust the monitoring hardware. They appear to have submitted the necessary paperwork for me to get my NYC property tax abatement, but I'm still waiting on approval.

Other than that, the system is fine - I'm pretty confident I won't see reoccurring issues with it going forward. As I mentioned before, the system is a total of 4.9 kW with microinverters and monitoring. The actual purchase cost was $18,530. That was broken up into a loan with 2 components, which is done through Sungage (my actual loan is with NBT bank):

1) An interest free loan of $10,191.50 (30%+25% of the system cost). This is the exact amount of my tax refund for 2018, and it's is due in June.
2) A 5 year loan on the remainder ($8,339.50) at 1.99% for a monthly payment of $146.36

My projected energy production at current electricity costs (~$.20) is an average of $90-95/month. Layer on 4 years of NYC property tax abatement ($1,000 per year) and I'm actually already making money even in the first five years. Obviously after that point the whole system is just generating profit.

I believe the federal tax credit goes of 30% goes down to 26% (2020), 22% (2021), and then sunsets entirely. I don't think NYS's expires, but it is capped at $5k. Perhaps more importantly though, the way your system is treated regarding net metering in NY changes for systems installed (or maybe contracted) after 2020 - for the worse. There's also an installer side incentive that may be getting lower, but that should be baked into the price you're quoted. Between the federal credit getting lower and the net metering issue, if you're going to do it, do it this year.

Depending on your system size and the pricing, it can still be worthwhile even outside NYC. But if you don't have a lot of maximum sun space it can make it a lot harder to become profitable. My father got quotes, and while his roof has many times the amount of space as mine, none of it had the levels of unobstructed solar exposure to make it worthwhile. Bottom line, you have to get the quotes and crunch the numbers.

Offline cozmohoot

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Re: Solar panels
« Reply #37 on: March 13, 2019, 09:40:43 PM »
I got quoted for 8 panels sunpower 370 2.96kw which will generate approximately 3700kwh per year.
20,100 -900 instant nyserda credit.
19k loan.
5700 federal credit tax return.
4800 NYS credit tax return.
3900 ny property tax abatement over 4 years.

Official cost after incentives is 4800.

Panels cover approx half my yearly usage so I will still have coned bill during summer months...

Thoughts?
Wonder if I can negotiate the price...

Interesting since the 3 quotes from pickmysolar said only 6 panels and this other company says 8.

Offline Dave321

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Re: Solar panels
« Reply #38 on: March 14, 2019, 11:08:48 AM »
I got quoted for 8 panels sunpower 370 2.96kw which will generate approximately 3700kwh per year.
20,100 -900 instant nyserda credit.
19k loan.
5700 federal credit tax return.
4800 NYS credit tax return.
3900 ny property tax abatement over 4 years.

Official cost after incentives is 4800.

Panels cover approx half my yearly usage so I will still have coned bill during summer months...

Thoughts?
Wonder if I can negotiate the price...

Interesting since the 3 quotes from pickmysolar said only 6 panels and this other company says 8.

i think your getting ripped. I am getting 34 panels 390w each for 32k.

Offline skyguy918

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Re: Solar panels
« Reply #39 on: March 14, 2019, 11:10:52 AM »
I got quoted for 8 panels sunpower 370 2.96kw which will generate approximately 3700kwh per year.
20,100 -900 instant nyserda credit.
19k loan.
5700 federal credit tax return.
4800 NYS credit tax return.
3900 ny property tax abatement over 4 years.

Official cost after incentives is 4800.

Panels cover approx half my yearly usage so I will still have coned bill during summer months...

Thoughts?
Wonder if I can negotiate the price...

Interesting since the 3 quotes from pickmysolar said only 6 panels and this other company says 8.
The company I went with initially quoted me 20 panels. After PickMySolar only offered 12 or 13, I went back and asked how 20 would fit. They sent their engineer (before signing any deal), he went up on the roof and decided he could fit 14. Based on that, I eventually got PickMySolar to procure quotes for 14 as well. You may not know for sure until someone goes up on your roof, but 6-8 is not a huge range and I doubt the math changes too much if you have to go smaller.

I did like Sunpower's pitch. My system has basically the same warranties, monitoring, etc. but Sunpower seems to have it all very streamlined - my company essentially subcontracted out most of the work, while I believe Sunpower has to be all in-house. If your specific installer closes, you're still covered by any other Sunpower installer. I believe they all give a first year production guarantee (I guess they cut you a check if it doesn't hit the mark), which I don't have. The main reasons I didn't go with them were cost (their best offer ended up being $18,542 for 14x327W vs $18,570 for 14x350) and the fact that none of them offered me higher output panels like you're getting (still not sure why they wouldn't use anything with higher output than the 327W).

I typed out a whole megilla analyzing your numbers, but decided that wasn't necessary. Bottom line, in comparison to what I got it doesn't seem like a great deal, but if that's the best that's out there, it definitely seems worth doing. Your breakeven (accounting for all incentives and ignoring their timing) at current electricity costs and no assumed cost inflation is still just 6.5 years, which is pretty quick and leaves plenty of life in the panels to make a profit over the longer term. Hopefully using a more established player like Sunpower will produce a much smoother installation and maintenance experience.

Offline skyguy918

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Re: Solar panels
« Reply #40 on: March 14, 2019, 11:18:48 AM »
i think your getting ripped. I am getting 34 panels 390w each for 32k.
No comparison of 8 vs 34 panels. Completely different pricing structure - I was told as much straight out by one company. Is that $32k the system price or after incentives?

Offline cozmohoot

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Re: Solar panels
« Reply #41 on: March 14, 2019, 02:53:59 PM »
The company I went with initially quoted me 20 panels. After PickMySolar only offered 12 or 13, I went back and asked how 20 would fit. They sent their engineer (before signing any deal), he went up on the roof and decided he could fit 14. Based on that, I eventually got PickMySolar to procure quotes for 14 as well. You may not know for sure until someone goes up on your roof, but 6-8 is not a huge range and I doubt the math changes too much if you have to go smaller.

I did like Sunpower's pitch. My system has basically the same warranties, monitoring, etc. but Sunpower seems to have it all very streamlined - my company essentially subcontracted out most of the work, while I believe Sunpower has to be all in-house. If your specific installer closes, you're still covered by any other Sunpower installer. I believe they all give a first year production guarantee (I guess they cut you a check if it doesn't hit the mark), which I don't have. The main reasons I didn't go with them were cost (their best offer ended up being $18,542 for 14x327W vs $18,570 for 14x350) and the fact that none of them offered me higher output panels like you're getting (still not sure why they wouldn't use anything with higher output than the 327W).

I typed out a whole megilla analyzing your numbers, but decided that wasn't necessary. Bottom line, in comparison to what I got it doesn't seem like a great deal, but if that's the best that's out there, it definitely seems worth doing. Your breakeven (accounting for all incentives and ignoring their timing) at current electricity costs and no assumed cost inflation is still just 6.5 years, which is pretty quick and leaves plenty of life in the panels to make a profit over the longer term. Hopefully using a more established player like Sunpower will produce a much smoother installation and maintenance experience.
Thanks for taking the time.
I think I will try and get 1 more quote from a heimeshe place. So far I only got pickmysolar and 1 other.

Offline skyguy918

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Re: Solar panels
« Reply #42 on: March 14, 2019, 03:42:52 PM »
Thanks for taking the time.
I think I will try and get 1 more quote from a heimeshe place. So far I only got pickmysolar and 1 other.
Maybe PM Dave321 for his company ;D

Offline cozmohoot

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Re: Solar panels
« Reply #43 on: March 26, 2019, 12:52:23 PM »
I got quoted for 8 panels sunpower 370 2.96kw which will generate approximately 3700kwh per year.
20,100 -900 instant nyserda credit.
19k loan.
5700 federal credit tax return.
4800 NYS credit tax return.
3900 ny property tax abatement over 4 years.

Official cost after incentives is 4800.

Panels cover approx half my yearly usage so I will still have coned bill during summer months...

Thoughts?
Wonder if I can negotiate the price...

Interesting since the 3 quotes from pickmysolar said only 6 panels and this other company says 8.

I just got another quote and its much less.
I forgot the name of the panel but i think it was trine or something.
generates same amount (3700kwh).
total cost is 10,700
federal CR of 3200 (to be put back into loan)
state CR of 2600  (to be put back into loan)
prop tax abatement 2200 over 4 years.



Offline est

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Re: Solar panels
« Reply #44 on: March 27, 2019, 09:04:29 AM »
Any recommendations for nj?