Solar Panel Cost Guide in Barnegat, NJ (2023 Update)
- Barnegat Solar Installation Cost: $8,604
- 25-Year Savings: $9,772
- Payback Period: 11.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Barnegat
Find out what the average cost of a solar system is in Barnegat.
The national average cost of solar panels is $2.66 per watt, but in Barnegat it's 2.77 per watt. The average solar panel system size in Barnegat is around 4.4 kilowatts, meaning a cost of about $8,609 for a solar installation, or $12,311 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you want to go with. With average savings of about $16,000 on utility bills over 20 years, many homeowners in Barnegat find installing solar panels has a decent ROI.
Click the button below to get connected to a vetted solar installer in Barnegat for a personalized quote.
Solar savings over time in Barnegat
| Year | Return on Investment |
|---|---|
| 1 years | $-7,106 |
| 3 years | $-4,109 |
| 5 years | $-1,113 |
| 7 years | $1,883 |
| 9 years | $4,880 |
| 11 years | $7,876 |
| 13 years | $10,873 |
| 15 years | $13,869 |
| 17 years | $16,865 |
| 19 years | $19,862 |
| 21 years | $22,858 |
| 23 years | $25,855 |
| 25 years | $28,851 |
Top Solar Installers in Barnegat
Although it's possible to install solar panels on your own, it involves extra energy and know-how. For that reason, almost all homeowners choose a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Barnegat
Factors that Affect Solar Panel Costs in Barnegat
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Barnegat homeowners choose to finance their solar panel systems to make going solar more affordable. Even though solar loans make adopting solar energy more accessible for Barnegat 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $12,748 | 12.2 years |
| 8 kW | $2.83 | $15,822 | $17,308 | 11.9 years |
| 10 kW | $2.77 | $19,390 | $22,023 | 11.7 years |
| 12 kW | $2.71 | $22,803 | $26,893 | 11.5 years |
| 14 kW | $2.66 | $26,060 | $31,918 | 11.2 years |
| 16 kW | $2.60 | $29,163 | $37,098 | 11.0 years |
| 18 kW | $2.55 | $32,110 | $42,433 | 10.8 years |
| 20 kW | $2.49 | $34,902 | $47,924 | 10.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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 Barnegat, NJ Solar Cost FAQs
How much does it cost to install solar panels in Barnegat?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Barnegat?
You can't get solar panels for free in Barnegat. 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.
How much can I save on electricity bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Barnegat, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Barnegat?
On average, the lifespan of solar panels is 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 level 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.