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Top Solar Installers in Bayonne
When going solar, many homeowners opt to go with a solar installer since DIY solar panel installation can be a difficult project. Solar warranties and repairs are often included in the cost of installation when you opt for a solar contractor as well, which can save you more money over time.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Bayonne
Factors that Affect Solar Panel Costs in Bayonne
The cost of installing a solar system in Bayonne can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment Size
System size is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type 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, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Bayonne average.
Solar Financing Terms
Most solar installers in Bayonne offer solar loans, which reduce the initial cost of installing a solar system. Although solar loans make going solar more accessible for Bayonne homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Bayonne, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Bayonne know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$12,791||$10,485||13.7 years|
|8 kW||$2.83||$16,726||$14,307||13.5 years|
|10 kW||$2.77||$20,498||$18,294||13.2 years|
|12 kW||$2.71||$24,106||$22,445||12.9 years|
|14 kW||$2.66||$27,549||$26,760||12.7 years|
|16 kW||$2.60||$30,829||$31,239||12.4 years|
|18 kW||$2.55||$33,945||$35,882||12.2 years|
|20 kW||$2.49||$36,896||$40,688||11.9 years|
Solar Incentives in Bayonne
|Name||NJ Clean Energy- Residential New Construction Program|
|Incentive Amount|| Incentives depend on the HERS score and the classification |
Single family homes: Ranges from $1,125 to - 24,250
Multi-single homes: Ranges from $1,125 to $18,188
Multifamily homes: Ranges from $625-$12,125
|Incentive Max|| Multifamily: up to $12,125 |
Individual homes: up to $24,250
|More Info||Click here|
|Name||Property Tax Exemption for Renewable Energy Systems|
|Incentive Amount||100% of value added by renewable system|
|More Info||Click here|
|Name||Successor Solar Incentive (SuSI) Program|
|Incentive Amount|| Net-Metered Residential: $90/SREC-II |
Small Net-Metered Non-Residential located on Rooftop, Carport, Canopy and Floating Solar
Projects smaller than 1 MW (dc): $100/SREC-II, $120 for public entities
Projects 1 MW to 5 MW (dc): $90/SREC-II, $110 for public entities
Net Metered Non-Residential Ground Mount
Projects smaller than 1 MW (dc): $85/SREC-II, $105 for public entities
Projects 1 MW to 5 MW (dc): $80/SREC-II, $100 for public entities
Community Solar LMI: $90/SREC-II
Community Solar Non-LMI: $70/SREC-II
|Incentive Max|| MW-DC Capacity Blocks |
Net Metered Residential: 150 MW
Net Metered Non-Residential: 150 MW
Community Solar (LMI and Non-LMI): 150 MW
|More Info||Click here|
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should choose, since different companies have access to different panels.
- Installation Process: When making the switch to solar, it's crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
EcoWatch's Bayonne, NJ Solar Cost FAQs
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.