Solar Panel Cost Guide in Closter, NJ (Oct 2022)

  • Closter Solar Installation Cost: $9,055
  • 25-Year Savings: $9,053
  • Payback Period: 12.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Closter

See how much it might cost to switch to solar power in Closter.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Closter, the typical cost of solar panels is $3 per watt. The average Closter homeowner needs a 4.7-kilowatt system, which would cost about $9,055, or $6,701 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. With average savings of about $15,000 on electricity bills over 20 years, many homeowners in Closter find going solar has a decent ROI.

Click the button below to get connected to a top solar installer in Closter for a personalized quote.

Solar savings over time in Closter

Year Return on Investment
1 years $-8,331
3 years $-6,882
5 years $-5,434
7 years $-3,985
9 years $-2,536
11 years $-1,088
13 years $361
15 years $1,810
17 years $3,258
19 years $4,707
21 years $6,155
23 years $7,604
25 years $9,053

Top Solar Installers in Closter

Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be hard. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.

If you're looking for a solar installer in Closter, the EcoWatch team has put together 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 Closter

Factors that Affect Solar Panel Costs in Closter

Even though the average cost of solar panels in Closter is $9,055, your final cost may be higher or lower than that. 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

The size of the solar energy system you need for your home is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Closter, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Closter, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 $11,187 13.0 years
8 kW $2.83 $15,822 $15,227 12.7 years
10 kW $2.77 $19,390 $19,421 12.5 years
12 kW $2.71 $22,803 $23,771 12.2 years
14 kW $2.66 $26,060 $28,275 12.0 years
16 kW $2.60 $29,163 $32,935 11.7 years
18 kW $2.55 $32,110 $37,750 11.5 years
20 kW $2.49 $34,902 $42,720 11.2 years

How to Save on Solar Panels

The company that does your 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 challenge, we have some tips to help you, such as:

  • Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should go with, since different companies have different panels.
  • Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.

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 Closter, NJ Solar Cost FAQs

How much does it cost to install solar panels in Closter?

This is a hard 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Closter?

You can't get solar panels for free in Closter. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Does Closter have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.

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 larger 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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