Solar Panel Cost Guide in Bridgewater, NJ (2023 Update)
- Bridgewater Solar Installation Cost: $9,182
- 25-Year Savings: $7,954
- Payback Period: 13.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bridgewater
We break down average solar pricing in Bridgewater.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bridgewater, the typical cost of a solar system is 2.77 per watt. To cover the typical energy needs of the average home in Bridgewater, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $9,191, or $13,143 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of equipment you choose, your solar contractor and more. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Bridgewater can save around $14,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Bridgewater
| Year | Return on Investment |
|---|---|
| 1 years | $-9,125 |
| 3 years | $-9,011 |
| 5 years | $-8,896 |
| 7 years | $-8,782 |
| 9 years | $-8,668 |
| 11 years | $-8,554 |
| 13 years | $-8,439 |
| 15 years | $-8,325 |
| 17 years | $-8,211 |
| 19 years | $-8,097 |
| 21 years | $-7,982 |
| 23 years | $-7,868 |
| 25 years | $-7,754 |
Top Solar Installers in Bridgewater
Although you can install solar panels yourself, it involves extra effort and expertise. That's why almost all homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're searching for a solar installer in Bridgewater, the EcoWatch team has compiled a list of our top suggestions here:
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 Bridgewater
Factors that Affect Solar Panel Costs in Bridgewater
The cost of installing a solar system in Bridgewater can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
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 spend around $2,770 per kilowatt in Bridgewater. The brand and type of equipment you want for your solar system can raise or lower 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Bridgewater provide solar loans, which reduce the initial cost of installing solar panels. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a part in determining the cost. Bridgewater's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $9,613 | 13.9 years |
| 8 kW | $2.83 | $15,822 | $13,127 | 13.7 years |
| 10 kW | $2.77 | $19,390 | $16,797 | 13.4 years |
| 12 kW | $2.71 | $22,803 | $20,622 | 13.1 years |
| 14 kW | $2.66 | $26,060 | $24,601 | 12.9 years |
| 16 kW | $2.60 | $29,163 | $28,736 | 12.6 years |
| 18 kW | $2.55 | $32,110 | $33,027 | 12.3 years |
| 20 kW | $2.49 | $34,902 | $37,472 | 12.1 years |
How to Save on Solar Panels
There are many companies available in Bridgewater, 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:
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Bridgewater, NJ Solar Cost FAQs
How much does it cost to install solar panels in Bridgewater?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost 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 Bridgewater have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates 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 long do solar panels last in Bridgewater?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.