Hypothetical example prepared by QuiqNest: a $416,600 home, FHA purchase. Not reviewed or confirmed by any lender.
- Required FHA down payment
- $14,581Same with or without solar
- Projected savings in year 1
- $54 a monthMortgage and power bill combined
- Projected 10-year average
- $121 a monthIf power rates rise 6% a year
Projected monthly savings, year by year
Your mortgage payment stays fixed. If power rates rise, the gap widens each year. Choose a rate increase:
Full monthly comparisonLoan, mortgage payment, power bill and closing costs
Reference home, $416,600
Without solar
With eligible owned solar
Required minimum FHA down payment3.5% of the purchase price
$14,581
$14,581
Loan amountIncluding financed upfront mortgage insurance
$409,054
$431,846Includes the $22,400 eligible solar package
Monthly mortgage paymentPrincipal, interest and mortgage insurance
$2,539
$2,681Higher by $142 for the solar
Monthly FPL power bill
$229Estimated from living area
$33Illustrative remaining bill
Combined mortgage + power bill
$2,768
$2,714
Projected savings in year 1Not guaranteed
None
$54 a month
Estimated closing costs
Set by your loan and lender
Set by your loan and lender, and can differThe required down payment does not change
Hypothetical example using QuiqNest's own estimates. Not a quote, not a lender approval, and not reviewed by any lender. Projected savings are not guaranteed. Subject to FHA program rules, borrower and property eligibility, and lender approval. Not every home produces a Power Flip™.
Assumptions and disclosuresHow these figures are calculated
- These figures are QuiqNest's own estimates for a hypothetical home. No lender has reviewed or confirmed them. Your lender sets your actual loan terms.
- Both FHA payments are calculated in full: 30-year fixed at an illustrative 5.625% rate, upfront mortgage insurance of 1.75% financed, and annual mortgage insurance of 0.55%. The added payment is the difference between them.
- The 3.5% minimum down payment applies to eligible FHA borrowers, generally with a credit score of 580 or higher.
- The power bill is estimated from living area, and the system is assumed to cover the household's annual usage.
- The illustrative $33 remaining bill is FPL's $30 minimum base bill (RS-1, effective January 2026), which applies to net-metered customers, plus an estimated 8.6% in taxes and fees, which vary by municipality.
- Rate increases are applied to energy charges only. The base charge and minimum bill are held constant.
- The 6% yearly increase is a QuiqNest modeling assumption, not a forecast or a promised rate increase. 3% and 8% are shown for comparison. If FPL rates did not rise at all, the projected saving would ease from $54 to about $51 a month by year 10.
- Panel output is assumed to decline 0.5% a year. No tax deduction is assumed.
- Rounding: each payment part (upfront mortgage insurance, principal and interest, annual mortgage insurance) is rounded to the whole dollar before the parts are added. The remaining bill of $32.58 is shown as $33. Ten-year totals are the sum of the monthly figures shown, times 12, and averages are rounded to the nearest dollar.
- Actual savings depend on electricity use, solar production, final mortgage terms and FPL rate changes.
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