Looking to go solar. I have local installers who has provided quotes for a ~10.2kW system. They are using LG Neon R 425W panels, Enphase IQ8A microinverters and Tesla Powerwalls (on backorder). They've quoted me at $69K (pre tax credit) and have guaranteed that they would be able to get install and PTO done for me to be in NEM 2 and in 2022 to maximize tax credit.
Tesla has provided a quote for a larger 12kW system with 2 Powerwalls at $52K but there is a high chance that install/PTO won't be done until 2023 (lower 22% tax credit) and therefore at risk of having NEM 3 terms.
So, assuming $69K from local installer where I get 26% tax credit and NEM 2, it brings the 10.2kW system to $51K
Assuming $52K but 22% tax credit, it brings the 12kW system to $40K, a price difference of $11K, however there is a high chance, I'll have to pay the NEM 3 solar tax of $8/kW a month so I now have an extra $1.15K/year cost which would be ~10 years until the Tesla system and the local installer system match in cost, but I'll have to continue with the additional solar tax being under NEM 3.
So the question is, do I fork up the extra $ now to go with the local installer where I'll get a slightly smaller system (10.2kW vs 12kW) but is guaranteeing 26% and NEM 2 or go with Tesla being OK that I'll get the 22% and NEM 3 with a chance that a miracle happens and I get the 26% and NEM 2.
Tesla has provided a quote for a larger 12kW system with 2 Powerwalls at $52K but there is a high chance that install/PTO won't be done until 2023 (lower 22% tax credit) and therefore at risk of having NEM 3 terms.
So, assuming $69K from local installer where I get 26% tax credit and NEM 2, it brings the 10.2kW system to $51K
Assuming $52K but 22% tax credit, it brings the 12kW system to $40K, a price difference of $11K, however there is a high chance, I'll have to pay the NEM 3 solar tax of $8/kW a month so I now have an extra $1.15K/year cost which would be ~10 years until the Tesla system and the local installer system match in cost, but I'll have to continue with the additional solar tax being under NEM 3.
So the question is, do I fork up the extra $ now to go with the local installer where I'll get a slightly smaller system (10.2kW vs 12kW) but is guaranteeing 26% and NEM 2 or go with Tesla being OK that I'll get the 22% and NEM 3 with a chance that a miracle happens and I get the 26% and NEM 2.