09/23/2024
Matt M
East Lansing, MI
So they quoted about $15k+ higher than another competitor with less system capabilities. Let’s be real here, the material cost of a 7.2 kWh system (enphase IQ8 microinverters, enphase controller, ac disconnect, 18 each 400 watt pv panels, rails, electrical wires, junction boxes, breaker parts, disconnect box) is around $12k max. Blue raven wanted $35k for installed price before tax credit. Thats asking for $23k+ for labor, permitting, design, their business insurance, and overheads. But you’re saving 30% in ITC federal return they tell you. Lastly, they mentioned they can get additional savings by using a credit established by RETE. I then did some looking into RETE and watched a video on their website. It stated they work with CPAs to recommend filing of the tax credit via form 3468 or form 5695, which is 30% federal solar credit. They also mention additional credit which was called out as Modified Accelerated Cost Recovery System (MACRS) which is form 4562. I reached out to the CPA I used last tax season. She stated that ITC 30% is for residential and MACRS is for businesses. In my opinion, they are recommending tax evasion of sorts or deploying a bait and switch tactic to get you under contract (as this was not written into their contract).
System size (kW): 7
Year installed: 2024