Solar Panel Cost Guide in Bloomingdale, NJ (2023 Update)
- Bloomingdale Solar Installation Cost: $9,258
- 25-Year Savings: $8,304
- Payback Period: 13.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bloomingdale
Find out what the average cost of a solar system is 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. The average solar panel system size in Bloomingdale is around 4.8 kilowatts, meaning a cost of about $9,249 for a solar installation, or $13,226 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on factors unique to your home and what company you go with. Despite the large upfront cost, the average Bloomingdale homeowner can save about $14,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Bloomingdale for a quote for your home.
Solar savings over time in Bloomingdale
| Year | Return on Investment |
|---|---|
| 1 years | $-9,199 |
| 3 years | $-9,082 |
| 5 years | $-8,965 |
| 7 years | $-8,848 |
| 9 years | $-8,731 |
| 11 years | $-8,614 |
| 13 years | $-8,497 |
| 15 years | $-8,380 |
| 17 years | $-8,263 |
| 19 years | $-8,146 |
| 21 years | $-8,029 |
| 23 years | $-7,912 |
| 25 years | $-7,794 |
Top Solar Installers in Bloomingdale
When going solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a difficult project. Also, if you'd like to maximize your investment in solar energy, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you'd like to go solar but still aren't sure which solar panel company to go with, here are our recommendations for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Bloomingdale
Factors that Affect Solar Panel Costs in Bloomingdale
For many Bloomingdale homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Bloomingdale, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Bloomingdale to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Bloomingdale, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $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
The solar panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you're worried about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Long-running companies likely have a good 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 support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Bloomingdale, NJ Solar Cost FAQs
How much does it cost to install solar panels in Bloomingdale?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly 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 offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.