Solar Panel Cost Guide in Country Lake Estates, NJ (2023 Update)
- Country Lake Estates 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 Country Lake Estates
Find out what the average cost of a solar system is in Country Lake Estates.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Country Lake Estates, the average cost of a solar system is 2.77 per watt. Using this figure, a typical 4.6-kW system would cost about $8,939 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Country Lake Estates homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Country Lake Estates see about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in Country Lake Estates for a custom quote.
Solar savings over time in Country Lake Estates
| 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 Country Lake Estates
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your swap to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Country Lake Estates
Factors that Affect Solar Panel Costs in Country Lake Estates
The cost of installing a solar system in Country Lake Estates can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
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 Country Lake Estates is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services for different budgets. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 | $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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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 installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
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 Country Lake Estates, NJ Solar Cost FAQs
How much does it cost to install solar panels in Country Lake Estates?
This is a hard question to answer exactly, 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 more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Country Lake Estates?
You can't get solar panels for free in Country Lake Estates. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Country Lake Estates?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Country Lake Estates?
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 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.