Solar Panel Cost Guide in Blackwood, NJ (2024 Update)
- Blackwood Solar Installation Cost: $11,511
- 25-Year Savings: $11,273
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Blackwood
We go over average solar pricing in Blackwood.
The average cost of a solar panel system in Blackwood is 4 per watt.The average solar panel system size in Blackwood is around 4.7 kilowatts, meaning a cost of about $11,511 for a solar installation, or $16,461 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a customized estimate.
Solar savings over time in Blackwood
| Year | Return on Investment |
|---|---|
| 1 years | $-10,012 |
| 3 years | $-7,016 |
| 5 years | $-4,020 |
| 7 years | $-1,023 |
| 9 years | $1,973 |
| 11 years | $4,969 |
| 13 years | $7,966 |
| 15 years | $10,962 |
| 17 years | $13,959 |
| 19 years | $16,955 |
| 21 years | $19,951 |
| 23 years | $22,948 |
| 25 years | $25,944 |
Top Solar Installers in Blackwood
Although you can install solar panels by yourself, it takes extra energy and expertise. For that reason, most people choose to go with a solar panel installer. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Blackwood:
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 Blackwood
Factors that Affect Solar Panel Costs in Blackwood
The cost of installing a solar system in Blackwood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,530 per kilowatt in Blackwood.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Blackwood offer solar loans, which reduce the initial cost of installing solar panels.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access 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 lower to compete with bigger 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 | $10,735 | 14.7 years |
| 8 kW | $3.60 | $20,163 | $14,709 | 14.5 years |
| 10 kW | $3.53 | $24,710 | $18,880 | 14.2 years |
| 12 kW | $3.46 | $29,059 | $23,249 | 13.9 years |
| 14 kW | $3.39 | $33,210 | $27,816 | 13.6 years |
| 16 kW | $3.32 | $37,164 | $32,580 | 13.3 years |
| 18 kW | $3.25 | $40,920 | $37,542 | 13.0 years |
| 20 kW | $3.18 | $44,478 | $42,702 | 12.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Blackwood, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Blackwood, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Blackwood?
This is a tough question to answer precisely, because the cost depends on many 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Blackwood?
A solar panel system isn’t free in Blackwood, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is switching to solar power 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 reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 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.