Solar Panel Cost Guide in Crestwood Village, NJ (Mar 2023)
- Crestwood Village Solar Installation Cost: $8,609
- 25-Year Savings: $10,863
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Crestwood Village
Find out how much it might cost to switch to solar power in Crestwood Village.
The average cost of solar panels in Crestwood Village is 2.77 per watt. Since a 4.4-kW system is needed to cover the energy costs of a typical home in Crestwood Village, the average price of going solar will be about $8,609 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you choose to go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Crestwood Village can save around $17,000 on their power bills over 20 years.
To receive a free quote from a vetted solar installer in Crestwood Village, you can click the button below.
Solar savings over time in Crestwood Village
| Year | Return on Investment |
|---|---|
| 1 years | $-7,830 |
| 3 years | $-6,272 |
| 5 years | $-4,715 |
| 7 years | $-3,157 |
| 9 years | $-1,599 |
| 11 years | $-41 |
| 13 years | $1,516 |
| 15 years | $3,074 |
| 17 years | $4,632 |
| 19 years | $6,190 |
| 21 years | $7,748 |
| 23 years | $9,305 |
| 25 years | $10,863 |
Top Solar Installers in Crestwood Village
Installing solar panels yourself can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. 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.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our suggestions for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Crestwood Village
Factors that Affect Solar Panel Costs in Crestwood Village
For many Crestwood Village homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Crestwood Village, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. 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 are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Crestwood Village to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Crestwood Village is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different costs. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to 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 | $14,231 | 11.5 years |
| 8 kW | $2.83 | $15,822 | $19,284 | 11.3 years |
| 10 kW | $2.77 | $19,390 | $24,493 | 11.0 years |
| 12 kW | $2.71 | $22,803 | $29,857 | 10.8 years |
| 14 kW | $2.66 | $26,060 | $35,376 | 10.6 years |
| 16 kW | $2.60 | $29,163 | $41,051 | 10.4 years |
| 18 kW | $2.55 | $32,110 | $46,880 | 10.2 years |
| 20 kW | $2.49 | $34,902 | $52,864 | 9.9 years |
How to Save on Solar Panels
There are many companies available in Crestwood Village, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Crestwood Village, NJ Solar Cost FAQs
How much does it cost to install solar panels in Crestwood Village?
The average cost of solar panels in Crestwood Village 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Crestwood Village?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $877.66 per year.
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.