Solar Panel Cost Guide in Cedar Grove, NJ (Nov 2022)

  • Cedar Grove Solar Installation Cost: $9,171
  • 25-Year Savings: $8,679
  • Payback Period: 12.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Cedar Grove

Here's how much it might cost to install solar panels in Cedar Grove.

In Cedar Grove, solar panels cost about $3 per watt on average. Using this figure, a typical 4.7 would cost about $9,171 before the 30% federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you may differ based on factors unique to your home and what company you choose to go with. Despite the high initial cost, the average Cedar Grove homeowner can save about $14,000 on their power bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a pre-vetted solar company in Cedar Grove that can help you get a more accurate cost estimate for your home.

Solar savings over time in Cedar Grove

Year Return on Investment
1 years $-8,457
3 years $-7,029
5 years $-5,601
7 years $-4,173
9 years $-2,745
11 years $-1,317
13 years $111
15 years $1,539
17 years $2,967
19 years $4,395
21 years $5,823
23 years $7,251
25 years $8,679

Top Solar Installers in Cedar Grove

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with an installer can make swapping over to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.

If you're on the hunt for a solar installer in Cedar Grove, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Cedar Grove

Factors that Affect Solar Panel Costs in Cedar Grove

The cost of installing a solar system in Cedar Grove can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

When it comes to estimating the cost of a solar system in Cedar Grove, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,770 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Cedar Grove average.

Solar Financing Terms

Many homeowners find the average cost of solar in Cedar Grove to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also adds to your total costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Cedar Grove is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $10,536 13.4 years
8 kW $2.83 $15,822 $14,358 13.1 years
10 kW $2.77 $19,390 $18,335 12.8 years
12 kW $2.71 $22,803 $22,468 12.6 years
14 kW $2.66 $26,060 $26,755 12.3 years
16 kW $2.60 $29,163 $31,198 12.1 years
18 kW $2.55 $32,110 $35,795 11.8 years
20 kW $2.49 $34,902 $40,548 11.6 years

How to Save on Solar Panels

There are a lot of companies available in Cedar Grove, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:

  • Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
  • Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
  • Solar Panel Brands: The model of solar panel you'd like to get plays a role in which company you should choose, since different companies provide different panels.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Cedar Grove, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Cedar Grove?

The average cost of solar panels in Cedar Grove is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Cedar Grove?

Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback 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.

How will solar panels impact how much my home is worth?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How often do you have to replace solar panels?

On average, solar panels can last 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 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.

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