$2,160
$12,375
17.5%
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No more electric bills
$2,160
$12,375
17.5%
Property
- Owner:
- Bradley Sawyer
- Type:
- Residential
- Address:
- 2987 SC-905, Conway, SC 29526
- Size:
- 2,300 sq ft
Technology
- Type:
- Solar PV
- Installed:
- September 2018
- Size of System:
- 11.7 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $27,500
- Value of Tax Credits:
- $15,125
- Net Cost of System:
- $12,375
- Annual Savings:
- $2,160
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- Tax credits are spread over several years.
Professionals & Suppliers
- Products:
- Q CELLS
- Installers:
- Monarch Solar
- Financing:
- LightStream
What You Need to Know
Maintenance Requirements:
I haven't needed any maintenance street one year.
My Motivation:
Electricity rates are scheduled to increase substantially in my area and state tax credits were also available.
Advice:
Get as many quotes as possible and do your homework. Some companies want to do a total makeover and skimp on the panels to maximize their profits.
Experience with Installer:
Monarch Solar was great to work with. They were fairly new to the market compared to other installers but I was happy with the results. They were very responsive and easy to work with when I had concerns.
Additional Notes:
The installation process was interrupted by Hurricane Florence. It took over a month to get completed due to the severe flooding in the area but the installer was back on it when roads opened up.
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