Solar Panel Cost Guide in Bloomingdale, NJ (Mar 2023)
- Bloomingdale Solar Installation Cost: $9,249
- 25-Year Savings: $8,312
- Payback Period: 13.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bloomingdale
We go over average solar pricing in Bloomingdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bloomingdale, the typical cost of solar panels is 2.77 per watt. Since a 4.8-kW system is needed to cover the energy usage of a typical home in Bloomingdale, the average price of going solar will be about $9,249 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you choose to go with. With average savings of about $14,000 on energy bills over 20 years, many homeowners in Bloomingdale find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar company in Bloomingdale that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bloomingdale
| Year | Return on Investment |
|---|---|
| 1 years | $-8,547 |
| 3 years | $-7,142 |
| 5 years | $-5,737 |
| 7 years | $-4,332 |
| 9 years | $-2,927 |
| 11 years | $-1,522 |
| 13 years | $-117 |
| 15 years | $1,288 |
| 17 years | $2,693 |
| 19 years | $4,098 |
| 21 years | $5,503 |
| 23 years | $6,908 |
| 25 years | $8,312 |
Top Solar Installers in Bloomingdale
When going solar, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Bloomingdale:
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 Bloomingdale
Factors that Affect Solar Panel Costs in Bloomingdale
There are many factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 pay about $2,770 per kilowatt in Bloomingdale. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Bloomingdale, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, 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 | $2.88 | $12,099 | $9,969 | 13.7 years |
| 8 kW | $2.83 | $15,822 | $13,602 | 13.4 years |
| 10 kW | $2.77 | $19,390 | $17,391 | 13.2 years |
| 12 kW | $2.71 | $22,803 | $21,334 | 12.9 years |
| 14 kW | $2.66 | $26,060 | $25,433 | 12.7 years |
| 16 kW | $2.60 | $29,163 | $29,687 | 12.4 years |
| 18 kW | $2.55 | $32,110 | $34,096 | 12.1 years |
| 20 kW | $2.49 | $34,902 | $38,659 | 11.9 years |
How to Save on Solar Panels
There are a large number of companies available in Bloomingdale, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although 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 be sure to ask for their list of offerings before making your decision.
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 Bloomingdale, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bloomingdale?
The average cost of solar panels in Bloomingdale is about $13,850 for a 5-kW system and $27,700 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.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Bloomingdale have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install 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.