Solar Panel Cost Guide in Florham Park, NJ (2024 Update)

  • Florham Park Solar Installation Cost: $11,808
  • 25-Year Savings: $11,987
  • Payback Period: 13.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 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 Florham Park

Find out what the average cost of solar panel installation is in Florham Park.

The average cost of a solar system in Florham Park is 4 per watt.The average solar panel system size in Florham Park is around 4.8 kilowatts, meaning a cost of about $11,808 for a solar installation, or $16,885 before the 0 federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you choose to go with.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Florham Park see about $17,000 in savings on energy bills over 20 years.

To get a free quote from a pre-vetted solar installation company in Florham Park, you can click the button below.

Solar savings over time in Florham Park

Year Return on Investment
1 years $-10,749
3 years $-8,630
5 years $-6,512
7 years $-4,394
9 years $-2,275
11 years $-157
13 years $1,962
15 years $4,080
17 years $6,198
19 years $8,317
21 years $10,435
23 years $12,554
25 years $14,672

Top Solar Installers in Florham Park

When making the switch to solar, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. Some solar installers, particularly local ones, can help you better understand incentives in Florham Park, optimizing your ROI.

You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
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

See all of the solar companies in Florham Park

Factors that Affect Solar Panel Costs in Florham Park

While the average cost of a solar system in Florham Park is $11,808, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.

Solar Equipment

When it comes to estimating the price of solar panels in Florham Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $3,530 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Florham Park offer solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The final significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Florham Park, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also fits within your budget.

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 $11,266 14.4 years
8 kW $3.60 $20,163 $15,416 14.2 years
10 kW $3.53 $24,710 $19,765 13.9 years
12 kW $3.46 $29,059 $24,310 13.6 years
14 kW $3.39 $33,210 $29,054 13.3 years
16 kW $3.32 $37,164 $33,995 13.1 years
18 kW $3.25 $40,920 $39,134 12.8 years
20 kW $3.18 $44,478 $44,471 12.5 years

How to Save on Solar Panels

The solar installer you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:

  • Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
  • Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
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

EcoWatch's Florham Park, NJ Solar Cost FAQs

How much does it cost to install solar panels in Florham Park?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Florham Park?

A solar panel system isn’t free in Florham Park, 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 you can take advantage of.

Is it worth going solar in Florham Park?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.

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