Solar Panel Cost Guide in Ewing, NJ (2024 Update)
- Ewing Solar Installation Cost: $11,653
- 25-Year Savings: $8,373
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Ewing
Here’s how much it might cost to install solar panels in Ewing.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ewing, the average cost of solar panels is 4 per watt.The average solar panel system size in Ewing is around 4.7 kilowatts, meaning a cost of about $11,653 for a solar installation, or $16,664 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.But, after you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar company in your area for a customized estimate.
Solar savings over time in Ewing
| Year | Return on Investment |
|---|---|
| 1 years | $-10,322 |
| 3 years | $-7,658 |
| 5 years | $-4,995 |
| 7 years | $-2,332 |
| 9 years | $331 |
| 11 years | $2,994 |
| 13 years | $5,657 |
| 15 years | $8,321 |
| 17 years | $10,984 |
| 19 years | $13,647 |
| 21 years | $16,310 |
| 23 years | $18,973 |
| 25 years | $21,636 |
Top Solar Installers in Ewing
When switching to solar energy, many homeowners decide to use a solar installation company since DIY solar panel installation can be a challenging project. Another upside of working with a solar company is that they can help you optimize your investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 Ewing
Factors that Affect Solar Panel Costs in Ewing
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Ewing: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Ewing, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,530 for each additional kilowatt you need.The 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 over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Ewing average.
Solar Financing Terms
Many homeowners find the average cost of solar in Ewing to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.Though solar loans make adopting solar energy more accessible for Ewing homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select 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 extra services like electric car charger installation, they might be cheaper overall.
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 | $6,867 | 17.3 years |
| 8 kW | $3.60 | $20,163 | $9,552 | 17.0 years |
| 10 kW | $3.53 | $24,710 | $12,434 | 16.6 years |
| 12 kW | $3.46 | $29,059 | $15,514 | 16.3 years |
| 14 kW | $3.39 | $33,210 | $18,792 | 16.0 years |
| 16 kW | $3.32 | $37,164 | $22,267 | 15.6 years |
| 18 kW | $3.25 | $40,920 | $25,940 | 15.3 years |
| 20 kW | $3.18 | $44,478 | $29,810 | 15.0 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. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Ewing, NJ Solar Cost FAQs
How much does it cost to install solar panels in Ewing?
The average cost of solar panels in Ewing 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
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 get between 20 and 35 panels to cover 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.