Solar Panel Cost Guide in East Amwell, NJ (2024 Update)
- East Amwell Solar Installation Cost: $11,751
- 25-Year Savings: $7,439
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in East Amwell
Here’s how much it might cost to install solar panels in East Amwell.
In East Amwell, solar panels cost about 4 per watt on average.The average solar panel system size in East Amwell is around 4.8 kilowatts, meaning a cost of about $11,751 for a solar installation, or $16,804 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will vary based on the amount of energy your home requires and what company you want to go with.With average savings of about $13,000 on utility bills over 20 years, many homeowners in East Amwell find going solar can be quite rewarding.
Click the button below to get connected to a top solar installer in your area for a personalized quote.
Solar savings over time in East Amwell
| Year | Return on Investment |
|---|---|
| 1 years | $-10,692 |
| 3 years | $-8,574 |
| 5 years | $-6,455 |
| 7 years | $-4,337 |
| 9 years | $-2,218 |
| 11 years | $-100 |
| 13 years | $2,018 |
| 15 years | $4,137 |
| 17 years | $6,255 |
| 19 years | $8,374 |
| 21 years | $10,492 |
| 23 years | $12,610 |
| 25 years | $14,729 |
Top Solar Installers in East Amwell
When switching to solar energy, many homeowners decide to hire a solar installer since putting up a solar system yourself can be a difficult project. The expertise that solar installers provide can be invaluable as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers near you:
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 East Amwell
Factors that Affect Solar Panel Costs in East Amwell
Although the average cost of a solar system in East Amwell is $11,751, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like East Amwell, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in East Amwell to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in East Amwell, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $5,600 | 18.3 years |
| 8 kW | $3.60 | $20,163 | $7,862 | 18.0 years |
| 10 kW | $3.53 | $24,710 | $10,322 | 17.6 years |
| 12 kW | $3.46 | $29,059 | $12,979 | 17.3 years |
| 14 kW | $3.39 | $33,210 | $15,834 | 16.9 years |
| 16 kW | $3.32 | $37,164 | $18,887 | 16.6 years |
| 18 kW | $3.25 | $40,920 | $22,137 | 16.2 years |
| 20 kW | $3.18 | $44,478 | $25,585 | 15.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing 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 East Amwell, NJ Solar Cost FAQs
How much does it cost to install solar panels in East Amwell?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration 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 reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in East Amwell?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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.