Solar Panel Cost Guide in Beach Haven West, NJ (2023 Update)
- Beach Haven West Solar Installation Cost: $10,964
- 25-Year Savings: $10,868
- Payback Period: 14.1 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Beach Haven West
Find out what the average cost of solar panel installation is in Beach Haven West.
The average cost of a solar system in Beach Haven West is 4 per watt.Using this figure, a typical 4.4-kW system would cost about $10,964 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Beach Haven West homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a solid investment. The average homeowner in Beach Haven West can save about $17,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Beach Haven West that can help you get a more accurate cost estimate for your home.
Solar savings over time in Beach Haven West
| Year | Return on Investment |
|---|---|
| 1 years | $-9,466 |
| 3 years | $-6,470 |
| 5 years | $-3,474 |
| 7 years | $-477 |
| 9 years | $2,519 |
| 11 years | $5,516 |
| 13 years | $8,512 |
| 15 years | $11,508 |
| 17 years | $14,505 |
| 19 years | $17,501 |
| 21 years | $20,498 |
| 23 years | $23,494 |
| 25 years | $26,490 |
Top Solar Installers in Beach Haven West
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring an installer can make swapping over to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Beach Haven West
Factors that Affect Solar Panel Costs in Beach Haven West
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Beach Haven West: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant 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 uses, the larger your system will likely need to be. You can expect to pay around $3,530 per kilowatt in Beach Haven West.The solar equipment you choose can increase or decrease your cost 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Beach Haven West average.
Solar Financing Terms
Most solar companies in Beach Haven West have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $3.67 | $15,419 | $10,911 | 14.6 years |
| 8 kW | $3.60 | $20,163 | $14,943 | 14.4 years |
| 10 kW | $3.53 | $24,710 | $19,173 | 14.1 years |
| 12 kW | $3.46 | $29,059 | $23,601 | 13.8 years |
| 14 kW | $3.39 | $33,210 | $28,226 | 13.5 years |
| 16 kW | $3.32 | $37,164 | $33,049 | 13.2 years |
| 18 kW | $3.25 | $40,920 | $38,070 | 13.0 years |
| 20 kW | $3.18 | $44,478 | $43,288 | 12.7 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Beach Haven West, NJ Solar Cost FAQs
How much does it cost to install solar panels in Beach Haven West?
The average cost of solar panels in Beach Haven West is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities 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.
Is going solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.