Solar Panel Cost Guide in Deptford, NJ (2024 Update)
- Deptford Solar Installation Cost: $11,485
- 25-Year Savings: $11,070
- Payback Period: 14.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Deptford
Let’s take a look at the average cost of solar panels in Deptford.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Deptford, the typical cost of solar panels is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,485 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will look different based on your energy needs and what company you want to go with.Even with the high initial cost, the average Deptford homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a pre-vetted solar installer in Deptford, you can click the button below.
Solar savings over time in Deptford
| Year | Return on Investment |
|---|---|
| 1 years | $-9,999 |
| 3 years | $-7,028 |
| 5 years | $-4,057 |
| 7 years | $-1,086 |
| 9 years | $1,885 |
| 11 years | $4,856 |
| 13 years | $7,827 |
| 15 years | $10,798 |
| 17 years | $13,770 |
| 19 years | $16,741 |
| 21 years | $19,712 |
| 23 years | $22,683 |
| 25 years | $25,654 |
Top Solar Installers in Deptford
Many homeowners choose to hire a solar panel installer since trying to install solar panels on your own can be challenging. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're searching for a solar company in Deptford, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Deptford
Factors that Affect Solar Panel Costs in Deptford
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Deptford: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require 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 $3,530.There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Deptford to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.Though solar loans make going solar more accessible for Deptford homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Deptford have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.67 | $15,419 | $10,505 | 14.9 years |
| 8 kW | $3.60 | $20,163 | $14,403 | 14.6 years |
| 10 kW | $3.53 | $24,710 | $18,498 | 14.3 years |
| 12 kW | $3.46 | $29,059 | $22,790 | 14.0 years |
| 14 kW | $3.39 | $33,210 | $27,280 | 13.7 years |
| 16 kW | $3.32 | $37,164 | $31,968 | 13.4 years |
| 18 kW | $3.25 | $40,920 | $36,854 | 13.2 years |
| 20 kW | $3.18 | $44,478 | $41,937 | 12.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The kind of solar panel you’d like plays a role in which installer you should go with, since different companies offer different panels.
- Reputation: Companies that have been in business for many years 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 adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Deptford, NJ Solar Cost FAQs
How much does it cost to install solar panels in Deptford?
The average cost of solar panels in Deptford is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Deptford?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.