Solar Panel Cost Guide in Bridgewater, NJ (Feb 2023)
- Bridgewater Solar Installation Cost: $9,191
- 25-Year Savings: $7,945
- Payback Period: 13.4 Years
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Top Solar Installers in Bridgewater
Installing solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Bridgewater
Factors that Affect Solar Panel Costs in Bridgewater
For many Bridgewater homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Bridgewater, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Bridgewater have solar loans, which reduce your upfront costs of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can play a part in determining the cost. Bridgewater's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater 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 companies.
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
The solar company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- 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 considerable role in the company you opt for.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
EcoWatch's Bridgewater, NJ Solar Cost FAQs
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.