Solar Panel Cost Guide in Bradley Gardens, NJ (2023 Update)
- Bradley Gardens Solar Installation Cost: $9,182
- 25-Year Savings: $7,835
- Payback Period: 13.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bradley Gardens
Let's take a look at the average cost of solar panels in Bradley Gardens.
Although the national average of solar panels is $2.66 per watt, solar panels in Bradley Gardens typically cost about 2.77. Using this figure, a typical 4.7-kW system would cost about $9,191 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Bradley Gardens based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
To get a free estimate from a pre-vetted solar installation company in Bradley Gardens, you can click the button below.
Solar savings over time in Bradley Gardens
| Year | Return on Investment |
|---|---|
| 1 years | $-8,123 |
| 3 years | $-6,004 |
| 5 years | $-3,886 |
| 7 years | $-1,768 |
| 9 years | $351 |
| 11 years | $2,469 |
| 13 years | $4,588 |
| 15 years | $6,706 |
| 17 years | $8,824 |
| 19 years | $10,943 |
| 21 years | $13,061 |
| 23 years | $15,180 |
| 25 years | $17,298 |
Top Solar Installers in Bradley Gardens
Putting up solar panels yourself can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Bradley Gardens
Factors that Affect Solar Panel Costs in Bradley Gardens
Though the average cost of a solar system in Bradley Gardens is $9,191, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Bradley Gardens, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $2,770 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, 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 Bradley Gardens offer solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Bradley Gardens, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $9,462 | 14.0 years |
| 8 kW | $2.83 | $15,822 | $12,926 | 13.8 years |
| 10 kW | $2.77 | $19,390 | $16,545 | 13.5 years |
| 12 kW | $2.71 | $22,803 | $20,320 | 13.2 years |
| 14 kW | $2.66 | $26,060 | $24,250 | 12.9 years |
| 16 kW | $2.60 | $29,163 | $28,334 | 12.7 years |
| 18 kW | $2.55 | $32,110 | $32,574 | 12.4 years |
| 20 kW | $2.49 | $34,902 | $36,969 | 12.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Bradley Gardens, NJ Solar Cost FAQs
How much does it cost to install solar panels in Bradley Gardens?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Bradley Gardens?
Leasing solar panels can be an attractive choice, because 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 option if you want to maximize your savings.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bradley Gardens is currently $484,200, which means you can look forward to a value of about $19,852 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bradley Gardens is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 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.