Solar Panel Cost Guide in Fort Dix, NJ (2023 Update)
- Fort Dix Solar Installation Cost: $8,939
- 25-Year Savings: $7,662
- Payback Period: 13.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fort Dix
See how much it might cost to go solar in Fort Dix.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fort Dix, the typical cost of solar panels is 2.77 per watt. The average Fort Dix homeowner needs a 4.6-kilowatt system, which would cost about $8,939 with the federal tax credit, or $12,783 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more. Despite the high upfront cost, the average Fort Dix homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fort Dix
| Year | Return on Investment |
|---|---|
| 1 years | $-8,275 |
| 3 years | $-6,947 |
| 5 years | $-5,619 |
| 7 years | $-4,291 |
| 9 years | $-2,963 |
| 11 years | $-1,635 |
| 13 years | $-307 |
| 15 years | $1,022 |
| 17 years | $2,350 |
| 19 years | $3,678 |
| 21 years | $5,006 |
| 23 years | $6,334 |
| 25 years | $7,662 |
Top Solar Installers in Fort Dix
Although it's possible to install solar panels on your own, it involves extra time and handiness. That's why most people choose to hire a solar panel installer. Another benefit of using a solar company is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar system. 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 Fort Dix
Factors that Affect Solar Panel Costs in Fort Dix
While the average cost of a solar system in Fort Dix is $8,939, 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
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. The type of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Fort Dix to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. Though solar loans make adopting solar energy more accessible for Fort Dix homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Fort Dix, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you're looking for 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 | $2.88 | $12,099 | $9,510 | 14.0 years |
| 8 kW | $2.83 | $15,822 | $12,990 | 13.7 years |
| 10 kW | $2.77 | $19,390 | $16,626 | 13.5 years |
| 12 kW | $2.71 | $22,803 | $20,416 | 13.2 years |
| 14 kW | $2.66 | $26,060 | $24,362 | 12.9 years |
| 16 kW | $2.60 | $29,163 | $28,462 | 12.7 years |
| 18 kW | $2.55 | $32,110 | $32,718 | 12.4 years |
| 20 kW | $2.49 | $34,902 | $37,129 | 12.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should opt for, since different companies provide different panels.
- Warranty: If you're concerned about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Fort Dix, NJ Solar Cost FAQs
How much does it cost to install solar panels in Fort Dix?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Fort Dix?
You can't get solar panels for free in Fort Dix. 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.
Does Fort Dix have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 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.
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.