Solar Panel Cost Guide in Crestwood Village, NJ (Oct 2022)
- Crestwood Village Solar Installation Cost: $8,609
- 25-Year Savings: $10,863
- Payback Period: 11.0 Years
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Updated 9/16/2022
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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 $3 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 before 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
Size is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately assess 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Crestwood Village homeowners opt to finance their solar panel systems to make paying for solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can influence your pricing. Crestwood Village's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting 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, be sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: If you care about the durability of your solar panel system, verifying your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Companies that have been in business for many years likely have a solid 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.
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
What is the average cost of installing solar panels in Crestwood Village?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive 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.
Are solar panels free in Crestwood Village?
You can't get solar panels for free in Crestwood Village. 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 rather own your solar panels, you can finance them with a solar loan.
Does Crestwood Village have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Crestwood Village?
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.
