Solar Panel Cost Guide in East Franklin, NJ (2025 Update)

  • East Franklin Solar Installation Cost: $11,701
  • 25-Year Savings: $8,668
  • Payback Period: 16.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in East Franklin

We break down average solar pricing in East Franklin.

Although the national average of solar panels is $2.66 per watt, solar panels in East Franklin generally cost about 4.The average solar panel system size in East Franklin is around 4.7 kilowatts, meaning a cost of about $11,701 for a solar installation, or $16,732 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.Many homeowners find going solar is a sound investment. The average homeowner in East Franklin can save about $14,000 on their energy bills over 20 years.

You can click the button below to get connected with a top solar installer in East Franklin that can help you get a more accurate cost estimate for your home.

Solar savings over time in East Franklin

YearReturn on Investment
1 years$-10,279
3 years$-7,434
5 years$-4,589
7 years$-1,745
9 years$1,100
11 years$3,945
13 years$6,790
15 years$9,634
17 years$12,479
19 years$15,324
21 years$18,168
23 years$21,013
25 years$23,858

Top Solar Installers in East Franklin

When making the switch to solar, many homeowners choose to use a solar installation company since overseeing your solar installation yourself can be a difficult project. Another great thing about using a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

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Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • 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 Franklin

Factors that Affect Solar Panel Costs in East Franklin

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in East Franklin: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

When it comes to estimating the cost of solar panels in East Franklin, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $3,530 for each additional kilowatt you need.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. However, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the East Franklin average.

Solar Financing Terms

If paying for a solar system in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your overall costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar panel installation company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.67$15,419$7,19817.0 years
8 kW$3.60$20,163$9,99316.7 years
10 kW$3.53$24,710$12,98516.4 years
12 kW$3.46$29,059$16,17516.1 years
14 kW$3.39$33,210$19,56315.7 years
16 kW$3.32$37,164$23,14915.4 years
18 kW$3.25$40,920$26,93215.1 years
20 kW$3.18$44,478$30,91314.7 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:

  • Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
  • Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
  • Warranty: If you care about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's East Franklin, NJ Solar Cost FAQs

What is the average cost of installing solar panels in East Franklin?

The average cost of solar panels in East Franklin 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in East Franklin?

Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in East Franklin is currently $471,375, which means you can look forward to a value of about $19,326 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in East Franklin is a rewarding investment.

How long do solar panels last in East Franklin?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of 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 keep using 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.