Solar Panel Cost Guide in Bergenfield, NJ (Mar 2023)
- Bergenfield Solar Installation Cost: $9,055
- 25-Year Savings: $8,924
- Payback Period: 12.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bergenfield
Let's have a look at the average cost of solar panels in Bergenfield.
In Bergenfield, solar panels cost about 2.77 per watt on average. The average solar panel system size in Bergenfield is around 4.7 kilowatts, meaning a cost of about $9,055 for a solar installation, or $12,949 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Bergenfield can save around $15,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Bergenfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bergenfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,336 |
| 3 years | $-6,898 |
| 5 years | $-5,459 |
| 7 years | $-4,021 |
| 9 years | $-2,583 |
| 11 years | $-1,144 |
| 13 years | $294 |
| 15 years | $1,732 |
| 17 years | $3,171 |
| 19 years | $4,609 |
| 21 years | $6,047 |
| 23 years | $7,486 |
| 25 years | $8,924 |
Top Solar Installers in Bergenfield
Although it's possible to install solar panels by yourself, it requires extra effort and expertise. That's why the majority of homeowners choose a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for you.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Bergenfield
Factors that Affect Solar Panel Costs in Bergenfield
While the average cost of a solar system in Bergenfield is $9,055, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,770 per kilowatt in Bergenfield. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Bergenfield have solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Bergenfield is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Bergenfield are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $12,099 | $11,022 | 13.1 years |
| 8 kW | $2.83 | $15,822 | $15,006 | 12.8 years |
| 10 kW | $2.77 | $19,390 | $19,145 | 12.6 years |
| 12 kW | $2.71 | $22,803 | $23,440 | 12.3 years |
| 14 kW | $2.66 | $26,060 | $27,889 | 12.1 years |
| 16 kW | $2.60 | $29,163 | $32,494 | 11.8 years |
| 18 kW | $2.55 | $32,110 | $37,254 | 11.6 years |
| 20 kW | $2.49 | $34,902 | $42,169 | 11.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Bergenfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Bergenfield, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bergenfield?
This is a tough question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Bergenfield?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to 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 power bills are already pretty low, solar panels might not be for you.
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 the amount of 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 get between 20 and 35 panels to account for 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.