Solar Panel Cost Guide in Bedminster, NJ (2024 Update)
- Bedminster Solar Installation Cost: $11,701
- 25-Year Savings: $7,002
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Bedminster
Find out what the average cost of a solar system is in Bedminster.
While the national average of solar panels is $2.66 per watt, solar panels in Bedminster generally cost around 4.Using this figure, a typical 4.7-kW system would cost about $11,701 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Bedminster homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Despite the large initial cost, the average Bedminster homeowner can save around $13,000 on their energy bills over 20 years, which is one of the positives of solar.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bedminster
| Year | Return on Investment |
|---|---|
| 1 years | $-10,642 |
| 3 years | $-8,524 |
| 5 years | $-6,405 |
| 7 years | $-4,287 |
| 9 years | $-2,168 |
| 11 years | $-50 |
| 13 years | $2,068 |
| 15 years | $4,187 |
| 17 years | $6,305 |
| 19 years | $8,424 |
| 21 years | $10,542 |
| 23 years | $12,660 |
| 25 years | $14,779 |
Top Solar Installers in Bedminster
Installing solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Another upside of working with a solar company is that they can help you make the most of your investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar company in Bedminster, we've put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Bedminster
Factors that Affect Solar Panel Costs in Bedminster
Though the average cost of a solar system in Bedminster is $11,701, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,530.The 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. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Bedminster average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Bedminster homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Bedminster, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more 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 down to compete with bigger names.
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 | $5,086 | 18.8 years |
| 8 kW | $3.60 | $20,163 | $7,177 | 18.4 years |
| 10 kW | $3.53 | $24,710 | $9,466 | 18.1 years |
| 12 kW | $3.46 | $29,059 | $11,952 | 17.7 years |
| 14 kW | $3.39 | $33,210 | $14,636 | 17.4 years |
| 16 kW | $3.32 | $37,164 | $17,517 | 17.0 years |
| 18 kW | $3.25 | $40,920 | $20,597 | 16.6 years |
| 20 kW | $3.18 | $44,478 | $23,873 | 16.3 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 find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- 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 do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Bedminster, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bedminster?
The average cost of solar panels in Bedminster 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Bedminster, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.