Solar Panel Cost Guide in Finderne, NJ (2024 Update)
- Finderne Solar Installation Cost: $11,701
- 25-Year Savings: $7,835
- Payback Period: 17.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Finderne
Let’s have a look at the average cost of solar in Finderne.
The national average cost of solar panels is $2.66 per watt, but in Finderne it’s 4 per watt.To account for the typical energy usage of the average home in Finderne, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $11,701, or $16,732 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what company you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Finderne that can help you get a more accurate cost estimate for your home.
Solar savings over time in Finderne
Year | Return on Investment |
---|---|
1 years | $-10,642 |
3 years | $-8,524 |
5 years | $-6,405 |
7 years | $-4,287 |
9 years | $-2,168 |
11 years | $-50 |
13 years | $2,068 |
15 years | $4,187 |
17 years | $6,305 |
19 years | $8,424 |
21 years | $10,542 |
23 years | $12,660 |
25 years | $14,779 |
Top Solar Installers in Finderne
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make your switch to solar power much easier. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Finderne
Factors that Affect Solar Panel Costs in Finderne
The cost of installing a solar system in Finderne can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel 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 around $3,530. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Finderne have solar loans, which reduce the initial cost of installing solar panels.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence your pricing. Finderne’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $6,142 | 17.9 years |
8 kW | $3.60 | $20,163 | $8,585 | 17.5 years |
10 kW | $3.53 | $24,710 | $11,225 | 17.2 years |
12 kW | $3.46 | $29,059 | $14,064 | 16.8 years |
14 kW | $3.39 | $33,210 | $17,099 | 16.5 years |
16 kW | $3.32 | $37,164 | $20,333 | 16.2 years |
18 kW | $3.25 | $40,920 | $23,764 | 15.8 years |
20 kW | $3.18 | $44,478 | $27,393 | 15.5 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 decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Finderne, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Finderne?
The average cost of solar panels in Finderne 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Finderne?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.