Solar Panel Cost Guide in East Greenwich, NJ (2023 Update)

  • East Greenwich Solar Installation Cost: $9,016
  • 25-Year Savings: $12,108
  • Payback Period: 10.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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 Greenwich

Let's take a look at the average cost of solar in East Greenwich.

The national average cost of solar panels is $2.66 per watt, but in East Greenwich it's 2.77 per watt. Since a 4.7-kW system is needed to cover the energy needs of a typical home in East Greenwich, the average price of going solar will be about $9,016 after claiming the federal solar tax credit of 30%.

These figures are only estimates, and how much solar costs for you will differ based on your energy needs and what company you want to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in East Greenwich can save around $17,000 on their energy bills over 20 years.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in East Greenwich

Year Return on Investment
1 years $-8,171
3 years $-6,481
5 years $-4,792
7 years $-3,102
9 years $-1,412
11 years $278
13 years $1,968
15 years $3,658
17 years $5,348
19 years $7,038
21 years $8,728
23 years $10,418
25 years $12,108

Top Solar Installers in East Greenwich

Installing solar panels by yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.

If you're on the hunt for a solar installer in East Greenwich, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
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 Greenwich

Factors that Affect Solar Panel Costs in East Greenwich

Although the average cost of a solar system in East Greenwich is $9,016, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.

Solar Equipment

The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,770. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like East Greenwich, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many East Greenwich homeowners decide to finance their solar panel systems to make paying for solar more affordable. 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 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 finding a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panels can play a part in determining your pricing. East Greenwich's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 $2.88 $12,099 $15,170 11.1 years
8 kW $2.83 $15,822 $20,537 10.9 years
10 kW $2.77 $19,390 $26,059 10.7 years
12 kW $2.71 $22,803 $31,736 10.5 years
14 kW $2.66 $26,060 $37,568 10.2 years
16 kW $2.60 $29,163 $43,555 10.0 years
18 kW $2.55 $32,110 $49,698 9.8 years
20 kW $2.49 $34,902 $55,995 9.6 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
  • Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
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 Greenwich, NJ Solar Cost FAQs

How much does it cost to install solar panels in East Greenwich?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in East Greenwich?

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 home 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.

Can solar panels completely eradicate my power bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout East Greenwich, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in East Greenwich?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.

Follow us