Solar Panel Cost Guide in Englewood Cliffs, NJ (2024 Update)

  • Englewood Cliffs Solar Installation Cost: $11,529
  • 25-Year Savings: $8,958
  • Payback Period: 16.0 Years

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By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

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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 Englewood Cliffs

Find out what the average cost of a solar system is in Englewood Cliffs.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Englewood Cliffs, the typical cost of a solar system is 4 per watt.The average Englewood Cliffs homeowner needs a 4.7-kilowatt system, which would cost about $11,529 with the federal tax credit, or $16,486 before the 0 tax credit is applied.

These figures are just averages, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you want to go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Englewood Cliffs can save around $15,000 on their power bills over 20 years.

To get a free estimate from a vetted solar installation company in Englewood Cliffs, you can click the button below.

Solar savings over time in Englewood Cliffs

YearReturn on Investment
1 years$-10,106
3 years$-7,262
5 years$-4,417
7 years$-1,572
9 years$1,273
11 years$4,117
13 years$6,962
15 years$9,807
17 years$12,652
19 years$15,496
21 years$18,341
23 years$21,186
25 years$24,031

Top Solar Installers in Englewood Cliffs

When making the switch to solar, many homeowners prefer to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. The payback period on an investment in solar panels will vary based on factors like your location and energy needs, but working with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.

If you're looking for a solar company in Englewood Cliffs, we've put together a list of our top suggestions here:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Englewood Cliffs

Factors that Affect Solar Panel Costs in Englewood Cliffs

Although the average cost of a solar system in Englewood Cliffs is $11,529, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,530. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Englewood Cliffs homeowners opt to finance their solar panel systems to offset upfront costs.It’s wise to factor 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 back the loan.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can play a role in determining the cost. Englewood Cliffs’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.67$15,419$7,73516.6 years
8 kW$3.60$20,163$10,70916.3 years
10 kW$3.53$24,710$13,88016.0 years
12 kW$3.46$29,059$17,25015.7 years
14 kW$3.39$33,210$20,81615.4 years
16 kW$3.32$37,164$24,58115.0 years
18 kW$3.25$40,920$28,54314.7 years
20 kW$3.18$44,478$32,70314.4 years

How to Save on Solar Panels

There are numerous companies to choose from in Englewood Cliffs, 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: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Solar Panel Brands: The brand of solar panel you’d like plays a role in which company you should opt for, since different companies offer different panels.
  • 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.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Englewood Cliffs, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Englewood Cliffs?

The average cost of solar panels in Englewood Cliffs is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Englewood Cliffs?

Solar panels aren’t free in Englewood Cliffs, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Does Englewood Cliffs have a net metering program?

Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

How long do solar panels last in Englewood Cliffs?

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