Solar Panel Cost Guide in Ewing, NJ (2023 Update)
- Ewing Solar Installation Cost: $9,144
- 25-Year Savings: $8,373
- Payback Period: 13.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Ewing
Find out how much it might cost to install solar panels in Ewing.
In Ewing, solar panels cost about 2.77 per watt on average. The average solar panel system size in Ewing is around 4.7 kilowatts, meaning a cost of about $9,152 for a solar installation, or $13,087 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on factors unique to your home and what company you choose to go with. With typical savings of about $14,000 on power bills over 20 years, many homeowners in Ewing find installing solar panels has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ewing
| Year | Return on Investment |
|---|---|
| 1 years | $-7,813 |
| 3 years | $-5,149 |
| 5 years | $-2,486 |
| 7 years | $177 |
| 9 years | $2,840 |
| 11 years | $5,503 |
| 13 years | $8,166 |
| 15 years | $10,829 |
| 17 years | $13,493 |
| 19 years | $16,156 |
| 21 years | $18,819 |
| 23 years | $21,482 |
| 25 years | $24,145 |
Top Solar Installers in Ewing
Although you can install solar panels by yourself, it takes extra labor and knowledge. That's one of the reasons most people choose a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Ewing
Factors that Affect Solar Panel Costs in Ewing
The cost of installing a solar system in Ewing can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Ewing, 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
Many homeowners find the average cost of solar in Ewing to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. Although solar loans make going solar more accessible for Ewing homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Ewing, and each can charge varying amounts for labor and equipment. Additionally, some companies in Ewing know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $10,187 | 13.6 years |
| 8 kW | $2.83 | $15,822 | $13,893 | 13.3 years |
| 10 kW | $2.77 | $19,390 | $17,754 | 13.1 years |
| 12 kW | $2.71 | $22,803 | $21,770 | 12.8 years |
| 14 kW | $2.66 | $26,060 | $25,942 | 12.5 years |
| 16 kW | $2.60 | $29,163 | $30,268 | 12.3 years |
| 18 kW | $2.55 | $32,110 | $34,750 | 12.0 years |
| 20 kW | $2.49 | $34,902 | $39,386 | 11.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Well-established 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 support, such as part repairs and replacements.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 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 $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Ewing?
You can't get solar panels for free in Ewing. 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 electricity bills after switching to solar?
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 $742.88 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.