Articles

What is the Correct Price for Good Quality Solar System?

By October 30, 2020June 22nd, 2021No Comments

bidmysolar™ conducted a pricing review* of 130 solar sales and installation companies. The sales price range for systems revealed the following:

  • Panels priced: LG, JA Solar, Risen, Canadian Solar, QCELLS, Trina Solar, REC, JINKO, SunPower, Phono, Tindo Solar and LONGI
  • Inverters priced: FRONIUS, SMA, SUNGROW, ENPHASE and ABB
  • Options: Solar Analytics
Size Low High Outrageous Rip Off
5kW
$4,100
$7,653
$9,200
6.6kW
$3,890
$11,600 
$12,850
7kW
$5,800
$12,900
$14,300
8kW
$7,605
$13,760
$15,300
10.5kW
$8,980
$14,800
$16,850
13.2kW
$11,500
$17,900
$22,000

The significance in the price variance is a clear demonstration that a competitive bidding process on the bidmysolar™ will ensure better outcomes on price, warranties, and support.

Actual Example:

  1. 6kW Canadian Solar 370W panels
  2. Panel number 18
  3. Inverter Fronius Symo
  4. Solar Analytics

PRICE 1. $7,388.00  

PRICE 2. $10,850.00

PRICE 3. $12,850.00 (NO SOLAR ANALYTICS) 

Comments:

  1. The outrageous pricing specific to several sales companies with large sales teams, questionable sales tactics and excessive savings forecasts must be avoided by consumers.
  2. Interest free? No such product exists. The cost of interest is included in the price of goods. Early payout penalties apply (though stated otherwise) as the cost of funds are paid for by the borrower and thus by default is penalised by early payout.

BUYER BEWARE!

*Prices were sourced via Get 3 Free quoting platforms and via direct enquiry with the installation company. Finance was used to price the purchase, options utilised – green loans and the interest free “buy now pay later”.