Solar Panel Cost Guide in East Windsor, NJ (2023 Update)
- East Windsor Solar Installation Cost: $9,152
- 25-Year Savings: $7,865
- Payback Period: 13.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Windsor
Find out what the average cost of solar panels are in East Windsor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in East Windsor, the average cost of solar panels is 2.77 per watt. Using this figure, a typical 4.7-kW system would cost about $9,152 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average East Windsor homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in East Windsor can save around $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 Windsor for a quote for your home.
Solar savings over time in East Windsor
| Year | Return on Investment |
|---|---|
| 1 years | $-8,471 |
| 3 years | $-7,110 |
| 5 years | $-5,749 |
| 7 years | $-4,387 |
| 9 years | $-3,026 |
| 11 years | $-1,665 |
| 13 years | $-303 |
| 15 years | $1,058 |
| 17 years | $2,419 |
| 19 years | $3,781 |
| 21 years | $5,142 |
| 23 years | $6,504 |
| 25 years | $7,865 |
Top Solar Installers in East Windsor
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar company can make swapping over to solar power much easier. Some solar installers, especially local ones, can help you make the most of incentives in East Windsor, optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in East Windsor
Factors that Affect Solar Panel Costs in East Windsor
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only 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 East Windsor to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect how much it costs. East Windsor's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in East Windsor know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $2.88 | $12,099 | $9,551 | 14.0 years |
| 8 kW | $2.83 | $15,822 | $13,045 | 13.7 years |
| 10 kW | $2.77 | $19,390 | $16,694 | 13.4 years |
| 12 kW | $2.71 | $22,803 | $20,498 | 13.2 years |
| 14 kW | $2.66 | $26,060 | $24,457 | 12.9 years |
| 16 kW | $2.60 | $29,163 | $28,572 | 12.6 years |
| 18 kW | $2.55 | $32,110 | $32,841 | 12.4 years |
| 20 kW | $2.49 | $34,902 | $37,266 | 12.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Long-standing companies likely have a solid 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: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which company you should opt for, since different companies have different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's East Windsor, NJ Solar Cost FAQs
What is the average cost of installing solar panels in East Windsor?
The average cost of solar panels in East Windsor is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in East Windsor?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in East Windsor?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.