Solar Panel Cost Guide in Browns Mills, NJ (2023 Update)
- Browns Mills Solar Installation Cost: $8,937
- 25-Year Savings: $10,535
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Browns Mills
We break down average solar pricing in Browns Mills.
The national average cost of solar panels is $2.66 per watt, but in Browns Mills it's 2.77 per watt. The average solar panel system size in Browns Mills is around 4.6 kilowatts, meaning a cost of about $8,939 for a solar installation, or $12,783 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Browns Mills see about $16,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Browns Mills for a quote for your home.
Solar savings over time in Browns Mills
| Year | Return on Investment |
|---|---|
| 1 years | $-7,439 |
| 3 years | $-4,443 |
| 5 years | $-1,446 |
| 7 years | $1,550 |
| 9 years | $4,546 |
| 11 years | $7,543 |
| 13 years | $10,539 |
| 15 years | $13,536 |
| 17 years | $16,532 |
| 19 years | $19,528 |
| 21 years | $22,525 |
| 23 years | $25,521 |
| 25 years | $28,517 |
Top Solar Installers in Browns Mills
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be a labor-intensive endeavor. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Browns Mills:
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 Browns Mills
Factors that Affect Solar Panel Costs in Browns Mills
For many Browns Mills homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Browns Mills, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Browns Mills, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Browns Mills offer solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Browns Mills, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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 | $13,248 | 11.9 years |
| 8 kW | $2.83 | $15,822 | $17,975 | 11.7 years |
| 10 kW | $2.77 | $19,390 | $22,856 | 11.5 years |
| 12 kW | $2.71 | $22,803 | $27,893 | 11.2 years |
| 14 kW | $2.66 | $26,060 | $33,084 | 11.0 years |
| 16 kW | $2.60 | $29,163 | $38,431 | 10.8 years |
| 18 kW | $2.55 | $32,110 | $43,933 | 10.6 years |
| 20 kW | $2.49 | $34,902 | $49,590 | 10.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
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 Browns Mills, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Browns Mills?
This is a tough question to answer precisely, because the cost depends on many 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 higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $844.92 per year.
How long do solar panels last in Browns Mills?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.