Solar Panel Cost Guide in Barclay, NJ (2023 Update)
- Barclay Solar Installation Cost: $9,032
- 25-Year Savings: $10,046
- Payback Period: 11.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Barclay
Let's have a look at the average cost of solar in Barclay.
The average cost of a solar panel system in Barclay is 2.77 per watt. Since a 4.7-kW system is needed to cover the energy costs of a typical home in Barclay, the average price of going solar will be about $9,036 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Barclay based on several factors, such as the brand of solar panels you choose and the solar company you hire. Despite the significant upfront cost, the average Barclay homeowner can save around $16,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Barclay for a customized quote.
Solar savings over time in Barclay
| Year | Return on Investment |
|---|---|
| 1 years | $-7,585 |
| 3 years | $-4,689 |
| 5 years | $-1,794 |
| 7 years | $1,101 |
| 9 years | $3,996 |
| 11 years | $6,892 |
| 13 years | $9,787 |
| 15 years | $12,682 |
| 17 years | $15,577 |
| 19 years | $18,473 |
| 21 years | $21,368 |
| 23 years | $24,263 |
| 25 years | $27,159 |
Top Solar Installers in Barclay
Many homeowners decide to hire a solar installation company since trying to install solar panels yourself can be hard. Plus, if you're not certain what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our suggestions for providers in Barclay:
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 Barclay
Factors that Affect Solar Panel Costs in Barclay
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Barclay: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in Barclay. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Barclay average.
Solar Financing Terms
Many homeowners find the average cost of solar in Barclay to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Barclay, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,473 | 12.3 years |
| 8 kW | $2.83 | $15,822 | $16,941 | 12.1 years |
| 10 kW | $2.77 | $19,390 | $21,565 | 11.8 years |
| 12 kW | $2.71 | $22,803 | $26,343 | 11.6 years |
| 14 kW | $2.66 | $26,060 | $31,276 | 11.4 years |
| 16 kW | $2.60 | $29,163 | $36,365 | 11.1 years |
| 18 kW | $2.55 | $32,110 | $41,609 | 10.9 years |
| 20 kW | $2.49 | $34,902 | $47,007 | 10.7 years |
How to Save on Solar Panels
There are many 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:
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which installer you should opt for, since different companies offer different panels.
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 Barclay, NJ Solar Cost FAQs
How much does it cost to install solar panels in Barclay?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Barclay?
You can't get solar panels for free in Barclay. 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'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.