Bids Valid Through: February 12, 2018
Melynda Schudrich
Home Address:
199 Yvonne Drive, Dalton, MA
UtilityProvider:
Eversource
BID 1
System Size
17.7 kW
First Year Production
18,441 kWh
Current Electric Bill
$ 466
Net System Price
$ 47,720
Gross System Price
$ 69,600
Electric Bill After Solar
$ 145
Average Monthly Payment
Based on a $0 down 10 year loan
$ 217
Total Monthly Payment
$ 362
Monthly Savings
$ 104
Savings (25 years)
$ 158,890
Bid Details
Year Established: 2011
Total Installations: 678
Workmanship Warranty: 10
Installation Time Frame: 12 weeks
SYSTEM DETAILS
System Size: 17.70 kW
Annual Production: 18,441 kWh
Annual Consumption: 26,412 kWh
Panel Model: (x59) Q-CELLS 300
Performance Guarantee (years): 25
Inverter Model: (x2) SolarEdge 7600A
Inverter Warranty: 12 years
Optimizer: (x59) SolarEdge P300
Monitoring: SolarEdge
SYSTEM PRICE (CASH)
SYSTEM PRICE (LOAN)
Gross Price: $ 69,600
Federal Tax Credit*: $ 20,880
State Tax Credit: $ 1,000
Your Cost: $ 47,720
Current SREC Value**: $ 220
Est. Lifetime SREC Value**: $ 31,453
(Est. $ 262 monthly) for 10 years
Contract Price: $ 70,100
Federal Tax Credit: $ 21,030
State Tax Credit: $ 1,000
Your Cost: $ 48,070
Electric Bill After Solar: $ 145
Bill Offset: 69%
Avg. Monthly Loan Payments: $ 479
(based on a $0 down 10 year loan)
Est. Monthly SREC: ($ 262)
Monthly Total Payment: $ 362
*NOTE: The tax credit represented on this bid is wholly dependent on your personal tax liability and it is recommended that you speak with an accountant on your ability to claim it. You will be responsible for payment or financing of the tax credit prior to receiving it.
**NOTE: The value is representative of the current market value of SRECs in Massachusetts. You will be able to sell your SRECs for 10 years to a broker or on the open market at whatever their value is as the time you decide to sell. The value is subject to change due to market fluctuation, which would effect your realized savings. Legislation changes could also alter or end the SREC program in Massachusetts, which would effect your realized savings as well.
PERKS
Savings (25 years): $ 158,890
Added Home Value: $ 71,154
NOTES
– Optimizers Increase Overall System Efficiency – Improved System Performance
– Line side tap included
LOAN OPTIONS
The Tax Credits are included in your initial principal. After you receive the tax credit it is advised to use your one free re-amortization and apply the tax credits towards your principal. This will bring your loan payments down to the second payment amount displayed.
Mass Solar Loan financing option 10 Year Payment Period: 3.50% interest rate
| Year 1 | Years 2 – 10 | Years 11 – 25 | |
| Monthly Loan Payments | $ 693 | $ 455 | $ 0 |
| Est. Monthly SRECs | ($ 262) | ($ 262) | $ 0 |
| Net Monthly Payments | $ 431 | $ 193 | $ 0 |
| Monthly Savings | $ – | $ 128 | $ 321 + |
