Solar Panel Cost Guide in Ashland, NJ (2023 Update)
- Ashland Solar Installation Cost: $9,032
- 25-Year Savings: $10,455
- Payback Period: 11.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ashland
We go over average solar pricing in Ashland.
In Ashland, solar panels cost about 2.77 per watt on average. The average Ashland homeowner needs a 4.7-kilowatt system, which would cost about $9,036 with the federal tax credit, or $12,921 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Ashland that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ashland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,967 |
| 3 years | $-8,838 |
| 5 years | $-8,708 |
| 7 years | $-8,578 |
| 9 years | $-8,448 |
| 11 years | $-8,318 |
| 13 years | $-8,188 |
| 15 years | $-8,058 |
| 17 years | $-7,928 |
| 19 years | $-7,798 |
| 21 years | $-7,668 |
| 23 years | $-7,538 |
| 25 years | $-7,408 |
Top Solar Installers in Ashland
Trying to install solar panels by yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Ashland, thereby optimizing your ROI.
If you're searching for a solar company in Ashland, we've organized a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Ashland
Factors that Affect Solar Panel Costs in Ashland
There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Ashland, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $2,770 for each additional kilowatt you need. The kind of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Ashland homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you want and also is 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 | $2.88 | $12,099 | $13,000 | 12.1 years |
| 8 kW | $2.83 | $15,822 | $17,644 | 11.8 years |
| 10 kW | $2.77 | $19,390 | $22,443 | 11.6 years |
| 12 kW | $2.71 | $22,803 | $27,397 | 11.4 years |
| 14 kW | $2.66 | $26,060 | $32,506 | 11.1 years |
| 16 kW | $2.60 | $29,163 | $37,770 | 10.9 years |
| 18 kW | $2.55 | $32,110 | $43,190 | 10.7 years |
| 20 kW | $2.49 | $34,902 | $48,764 | 10.4 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Ashland, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Ashland?
The average cost of solar panels in Ashland is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Ashland?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Ashland?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.