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Best numbers to look at to compare quotes?

asked 2015-04-03 00:16:48 -0500

anastasia gravatar image

What are the most important numbers for me to consider at when looking at quotes? I'm in the market for a system in western Worcester, Mass and have a bunch of quotes to go through. How can I narrow them down to only the best ones?

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answered 2015-04-07 14:46:05 -0500

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updated 2015-04-07 14:46:05 -0500

energysage gravatar image

Hi anastasia,

We recommend that the first think you look at when going solar is the value that various solar offers present - how much money will they save you on your electricity bills vs how much you will spend?

The exact metrics you should look at will vary depending on whether you go solar with a solar lease / power purchase agreement (PPA) or if you purchase your system (with cash or by financing with a solar loan).

With a lease/PPA, you'll want to look at monthly savings. If you purchase your system, you'll want to look at the cost of the system (usually dollars-per-watt, or $/W) and at payback times and return on investment. In both instances, you can use levelized cost of energy (LCOE) to compare the actual rates you'll be paying for solar over (for example) a 20-year period.

Once you've determined which deals offer the best value, then you can start getting into other questions about installer history, reputation and expertise and the quality of the components being used. If you're interested in learning more, check out our recent article: What questions should you ask your solar installer?

You may also want to have a look at our Solar Buyer's Guide, which includes a useful article about how to choose a solar installer.

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Asked: 2015-04-03 00:16:48 -0500

Seen: 338 times

Last updated: Apr 07 '15