Is this a good deal for a solar quote?

Is this a good deal for a solar quote?

I was recently quoted :

$26,699 for a 10 year loan with 3.99 APR for

23 Hanwha Q-Cells Q.PEAK DUO-G5 305 PV Module 1 SolarEdge Technologies SE7600H-US (240) EV Inverter(s) 23 SolarEdge Technologies P320 DC Optimizer System Rating and Estimated Production Nameplate: 7.015 DC kW (STC) First Year System Output: 8,319 kWh Lifetime System Output: 195,956 kWh

With that setup, the solar company was able to cover 88% of my energy bill costing me $211 a year. The system is also projected to produce ~$1800 worth of SRECs per year and I’ll get a federal tax credit of $8k. Is this a good deal?

My other question is about SREC management. Is it better to pay electric bill with SRECs then use the extra towards the principal of the loan or just use it all towards the principal?

submitted by /u/beanflicker12
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