Solar Panel Cost Guide in Blackwells Mills, NJ (2024 Update)
- Blackwells Mills Solar Installation Cost: $11,701
- 25-Year Savings: $9,058
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Blackwells Mills
We break down average solar pricing in Blackwells Mills.
In Blackwells Mills, solar panels cost about 4 per watt on average.The average Blackwells Mills homeowner needs a 4.7-kilowatt system, which would cost about $11,701 with the federal tax credit, or $16,732 before the 0 tax credit is applied.
The actual price you pay can be higher or lower than the average in Blackwells Mills depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $15,000 over 20 years on electricity bills.
To receive a free estimate from a vetted solar installation company in Blackwells Mills, you can click the button below.
Solar savings over time in Blackwells Mills
| Year | Return on Investment |
|---|---|
| 1 years | $-10,460 |
| 3 years | $-7,979 |
| 5 years | $-5,497 |
| 7 years | $-3,016 |
| 9 years | $-534 |
| 11 years | $1,947 |
| 13 years | $4,429 |
| 15 years | $6,911 |
| 17 years | $9,392 |
| 19 years | $11,874 |
| 21 years | $14,355 |
| 23 years | $16,837 |
| 25 years | $19,318 |
Top Solar Installers in Blackwells Mills
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make converting to solar power much easier. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
If you're on the hunt for a solar company in Blackwells Mills, we've put together a list of our top suggestions here:
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 Blackwells Mills
Factors that Affect Solar Panel Costs in Blackwells Mills
The cost of installing a solar system in Blackwells Mills can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,530. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Blackwells Mills, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for Blackwells Mills homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence your pricing. Blackwells Mills’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to 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 discount 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 | $7,692 | 16.7 years |
| 8 kW | $3.60 | $20,163 | $10,651 | 16.4 years |
| 10 kW | $3.53 | $24,710 | $13,808 | 16.0 years |
| 12 kW | $3.46 | $29,059 | $17,163 | 15.7 years |
| 14 kW | $3.39 | $33,210 | $20,715 | 15.4 years |
| 16 kW | $3.32 | $37,164 | $24,465 | 15.1 years |
| 18 kW | $3.25 | $40,920 | $28,413 | 14.8 years |
| 20 kW | $3.18 | $44,478 | $32,558 | 14.4 years |
How to Save on Solar Panels
There are many companies to choose from in Blackwells Mills, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Blackwells Mills, NJ Solar Cost FAQs
How much does it cost to install solar panels in Blackwells Mills?
The average cost of solar panels in Blackwells Mills is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Blackwells Mills?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Blackwells Mills?
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.