Solar Panel Cost Guide in Jersey, IL (2024 Update)
- Jersey Solar Installation Cost: $16,123
- 25-Year Savings: $18,229
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Jersey
We break down average solar pricing in Jersey.
The average cost of a solar panel system in Jersey is 4 per watt.The average Jersey homeowner needs a 6.1-kilowatt system, which would cost about $16,123 with the federal tax credit, or $23,056 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what installation company you go with.With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Jersey find investing in solar can pay off big.
Click the button below to get connected to a vetted solar company in your area for a custom quote.
Solar savings over time in Jersey
| Year | Return on Investment |
|---|---|
| 1 years | $-15,273 |
| 3 years | $-13,571 |
| 5 years | $-11,870 |
| 7 years | $-10,169 |
| 9 years | $-8,468 |
| 11 years | $-6,766 |
| 13 years | $-5,065 |
| 15 years | $-3,364 |
| 17 years | $-1,662 |
| 19 years | $39 |
| 21 years | $1,740 |
| 23 years | $3,441 |
| 25 years | $5,143 |
Top Solar Installers in Jersey
Although it's possible to install solar panels on your own, it takes extra time and expertise. For that reason, most homeowners choose to hire a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Jersey
Factors that Affect Solar Panel Costs in Jersey
The cost of installing a solar system in Jersey can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,760. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Jersey average.
Solar Financing Terms
Many homeowners find the average cost of solar in Jersey to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.Although solar loans make switching to solar energy more accessible for Jersey homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.91 | $16,424 | $12,897 | 14.0 years |
| 8 kW | $3.84 | $21,477 | $17,617 | 13.7 years |
| 10 kW | $3.76 | $26,320 | $22,547 | 13.5 years |
| 12 kW | $3.68 | $30,952 | $27,688 | 13.2 years |
| 14 kW | $3.61 | $35,374 | $33,040 | 12.9 years |
| 16 kW | $3.53 | $39,585 | $38,602 | 12.7 years |
| 18 kW | $3.46 | $43,586 | $44,375 | 12.4 years |
| 20 kW | $3.38 | $47,376 | $50,358 | 12.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Jersey, IL Solar Cost FAQs
What is the average cost of installing solar panels in Jersey?
The average cost of solar panels in Jersey is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Jersey?
You can’t get solar panels for free in Jersey. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $977.34 per year.
How long do solar panels last in Jersey?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.