Solar Panel Cost Guide in Evesham, NJ (2025 Update)
- Evesham Solar Installation Cost: $11,389
- 25-Year Savings: $11,368
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Evesham
Let’s have a look at the average cost of solar in Evesham.
The national average cost of solar panels is $2.66 per watt, but in Evesham it’s 4 per watt.The average solar panel system size in Evesham is around 4.6 kilowatts, meaning a cost of about $11,389 for a solar installation, or $16,286 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Evesham homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Evesham can save about $17,000 on their power bills over 20 years.
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Solar savings over time in Evesham
| Year | Return on Investment |
|---|---|
| 1 years | $-9,891 |
| 3 years | $-6,895 |
| 5 years | $-3,898 |
| 7 years | $-902 |
| 9 years | $2,094 |
| 11 years | $5,091 |
| 13 years | $8,087 |
| 15 years | $11,083 |
| 17 years | $14,080 |
| 19 years | $17,076 |
| 21 years | $20,073 |
| 23 years | $23,069 |
| 25 years | $26,065 |
Top Solar Installers in Evesham
Although you can install solar panels on your own, it involves extra time and expertise. For that reason, almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar company in Evesham, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Evesham
Factors that Affect Solar Panel Costs in Evesham
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Evesham: 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 price of a solar panel system in Evesham, 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 determine by looking at past electricity bills. Your total cost can increase by about $3,530 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Evesham average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Evesham, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Though solar loans make going solar more accessible for Evesham homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Evesham, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger 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 | $11,013 | 14.6 years |
| 8 kW | $3.60 | $20,163 | $15,080 | 14.3 years |
| 10 kW | $3.53 | $24,710 | $19,344 | 14.0 years |
| 12 kW | $3.46 | $29,059 | $23,806 | 13.7 years |
| 14 kW | $3.39 | $33,210 | $28,466 | 13.5 years |
| 16 kW | $3.32 | $37,164 | $33,323 | 13.2 years |
| 18 kW | $3.25 | $40,920 | $38,378 | 12.9 years |
| 20 kW | $3.18 | $44,478 | $43,630 | 12.6 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Contract: Before you sign a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- 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.
EcoWatch's Evesham, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Evesham?
The average cost of solar panels in Evesham 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 kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Evesham?
You can’t get solar panels for free in Evesham. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $881.08 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.