Solar Panel Cost Guide in Bradley Gardens, NJ (2024 Update)
- Bradley Gardens Solar Installation Cost: $11,701
- 25-Year Savings: $7,835
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in Bradley Gardens
Here’s how much it might cost to go solar in Bradley Gardens.
Although the national average of solar panels is $2.66 per watt, solar panels in Bradley Gardens typically cost about 4.Because a 4.7-kW system is needed to cover the energy needs of a typical home in Bradley Gardens, the average price of going solar will be about $11,701 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Bradley Gardens homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the large initial cost, the average Bradley Gardens homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bradley Gardens
| Year | Return on Investment |
|---|---|
| 1 years | $-10,642 |
| 3 years | $-8,524 |
| 5 years | $-6,405 |
| 7 years | $-4,287 |
| 9 years | $-2,168 |
| 11 years | $-50 |
| 13 years | $2,068 |
| 15 years | $4,187 |
| 17 years | $6,305 |
| 19 years | $8,424 |
| 21 years | $10,542 |
| 23 years | $12,660 |
| 25 years | $14,779 |
Top Solar Installers in Bradley Gardens
Many homeowners choose to use a solar installer since figuring out how to install solar panels by yourself can be time-consuming. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Bradley Gardens
Factors that Affect Solar Panel Costs in Bradley Gardens
There are many factors that can affect your solar panel 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 significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,530 per kilowatt in Bradley Gardens.There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to get 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 Bradley Gardens to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.While solar loans make switching to solar energy more accessible for Bradley Gardens homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact your pricing. Bradley Gardens’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Bradley Gardens have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $6,142 | 17.9 years |
| 8 kW | $3.60 | $20,163 | $8,585 | 17.5 years |
| 10 kW | $3.53 | $24,710 | $11,225 | 17.2 years |
| 12 kW | $3.46 | $29,059 | $14,064 | 16.8 years |
| 14 kW | $3.39 | $33,210 | $17,099 | 16.5 years |
| 16 kW | $3.32 | $37,164 | $20,333 | 16.2 years |
| 18 kW | $3.25 | $40,920 | $23,764 | 15.8 years |
| 20 kW | $3.18 | $44,478 | $27,393 | 15.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which brand 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.
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 Bradley Gardens, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bradley Gardens?
This is a tough question to answer precisely, because the cost depends on a few different 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 higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Bradley Gardens?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Bradley Gardens have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy 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.