Solar Panel Cost Guide in Beckett, NJ (2024 Update)
- Beckett Solar Installation Cost: $11,485
- 25-Year Savings: $13,749
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Beckett
Let’s take a look at the average cost of solar panels in Beckett.
The national average cost of solar panels is $2.66 per watt, but in Beckett it’s 4 per watt.The average Beckett homeowner needs a 4.6-kilowatt system, which would cost about $11,485 with the federal tax credit, or $16,424 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.For many homeowners, the upfront cost of solar power is worth paying. On average Beckett homeowners see about $19,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Beckett for a quote for your home.
Solar savings over time in Beckett
Year | Return on Investment |
---|---|
1 years | $-9,987 |
3 years | $-6,990 |
5 years | $-3,994 |
7 years | $-998 |
9 years | $1,999 |
11 years | $4,995 |
13 years | $7,992 |
15 years | $10,988 |
17 years | $13,984 |
19 years | $16,981 |
21 years | $19,977 |
23 years | $22,973 |
25 years | $25,970 |
Top Solar Installers in Beckett
When going solar, many homeowners choose to go with a solar company since putting up solar panels yourself can be a time-consuming project. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for you.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Beckett
Factors that Affect Solar Panel Costs in Beckett
For many Beckett homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Beckett, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Beckett offer solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $13,963 | 13.1 years |
8 kW | $3.60 | $20,163 | $19,013 | 12.9 years |
10 kW | $3.53 | $24,710 | $24,260 | 12.6 years |
12 kW | $3.46 | $29,059 | $29,705 | 12.4 years |
14 kW | $3.39 | $33,210 | $35,348 | 12.1 years |
16 kW | $3.32 | $37,164 | $41,188 | 11.9 years |
18 kW | $3.25 | $40,920 | $47,226 | 11.6 years |
20 kW | $3.18 | $44,478 | $53,462 | 11.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: The type of solar panel you’d like to install plays a role in which company you should choose, since different companies offer different panels.
- Warranty: If you care about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Beckett, NJ Solar Cost FAQs
How much does it cost to install solar panels in Beckett?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key 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 be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Beckett?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Beckett?
Although 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 their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.