Solar Panel Cost Guide in Bound Brook, NJ (2025 Update)
- Bound Brook Solar Installation Cost: $11,701
- 25-Year Savings: $8,668
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Bound Brook
Let’s have a look at the average cost of solar in Bound Brook.
The national average cost of solar panels is $2.66 per watt, but in Bound Brook it’s 4 per watt.The average solar panel system size in Bound Brook is around 4.7 kilowatts, meaning a cost of about $11,701 for a solar installation, or $16,732 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar company in Bound Brook for a custom quote.
Solar savings over time in Bound Brook
| Year | Return on Investment |
|---|---|
| 1 years | $-10,279 |
| 3 years | $-7,434 |
| 5 years | $-4,589 |
| 7 years | $-1,745 |
| 9 years | $1,100 |
| 11 years | $3,945 |
| 13 years | $6,790 |
| 15 years | $9,634 |
| 17 years | $12,479 |
| 19 years | $15,324 |
| 21 years | $18,168 |
| 23 years | $21,013 |
| 25 years | $23,858 |
Top Solar Installers in Bound Brook
When making the switch to solar, many homeowners opt to use a solar installer since DIY solar panel installation can be a difficult project. Plus, if you’re not certain what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Bound Brook
Factors that Affect Solar Panel Costs in Bound Brook
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Bound Brook: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,530.There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want 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 Bound Brook to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $3.67 | $15,419 | $7,198 | 17.0 years |
| 8 kW | $3.60 | $20,163 | $9,993 | 16.7 years |
| 10 kW | $3.53 | $24,710 | $12,985 | 16.4 years |
| 12 kW | $3.46 | $29,059 | $16,175 | 16.1 years |
| 14 kW | $3.39 | $33,210 | $19,563 | 15.7 years |
| 16 kW | $3.32 | $37,164 | $23,149 | 15.4 years |
| 18 kW | $3.25 | $40,920 | $26,932 | 15.1 years |
| 20 kW | $3.18 | $44,478 | $30,913 | 14.7 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
EcoWatch's Bound Brook, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bound Brook?
This is a tough question to answer precisely, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Bound Brook?
Solar panels aren’t free in Bound Brook, 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 can further reduce the cost.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.