Solar Panel Cost Guide in East Amwell, NJ (Mar 2023)
- East Amwell Solar Installation Cost: $9,230
- 25-Year Savings: $7,430
- Payback Period: 13.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in East Amwell
We break down average solar pricing in East Amwell.
In East Amwell, solar panels cost about 2.77 per watt on average. The average East Amwell homeowner needs a 4.8-kilowatt system, which would cost about $9,230 with the federal tax credit, or $13,199 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average East Amwell homeowner. The price 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. Despite the significant initial cost, the average East Amwell homeowner can save about $13,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar panel company in East Amwell for a personalized estimate.
Solar savings over time in East Amwell
| Year | Return on Investment |
|---|---|
| 1 years | $-8,563 |
| 3 years | $-7,230 |
| 5 years | $-5,898 |
| 7 years | $-4,565 |
| 9 years | $-3,232 |
| 11 years | $-1,899 |
| 13 years | $-566 |
| 15 years | $766 |
| 17 years | $2,099 |
| 19 years | $3,432 |
| 21 years | $4,765 |
| 23 years | $6,098 |
| 25 years | $7,430 |
Top Solar Installers in East Amwell
When switching to solar energy, many homeowners choose to hire a solar installer since putting up a solar system yourself can be a time-consuming project. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 East Amwell
Factors that Affect Solar Panel Costs in East Amwell
Although the average cost of a solar system in East Amwell is $9,230, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the East Amwell average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $8,920 | 14.4 years |
| 8 kW | $2.83 | $15,822 | $12,203 | 14.1 years |
| 10 kW | $2.77 | $19,390 | $15,642 | 13.8 years |
| 12 kW | $2.71 | $22,803 | $19,235 | 13.6 years |
| 14 kW | $2.66 | $26,060 | $22,984 | 13.3 years |
| 16 kW | $2.60 | $29,163 | $26,888 | 13.0 years |
| 18 kW | $2.55 | $32,110 | $30,947 | 12.7 years |
| 20 kW | $2.49 | $34,902 | $35,161 | 12.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in East Amwell, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, 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 thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When making the switch to solar power, it's essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
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 East Amwell, NJ Solar Cost FAQs
How much does it cost to install solar panels in East Amwell?
The average cost of solar panels in East Amwell is about $13,850 for a 5-kW system and $27,700 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 consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in East Amwell?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.