Solar Panel Cost Guide in Frankford, NJ (2023 Update)
- Frankford Solar Installation Cost: $9,327
- 25-Year Savings: $8,606
- Payback Period: 13.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Frankford
Here's how much it might cost to make the switch to solar in Frankford.
In Frankford, solar panels cost about 2.77 per watt on average. Because a 4.8-kW system is needed to cover the energy needs of a typical home in Frankford, the average price of going solar will be about $9,327 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Frankford find going solar can pay off big.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Frankford
| Year | Return on Investment |
|---|---|
| 1 years | $-8,609 |
| 3 years | $-7,175 |
| 5 years | $-5,740 |
| 7 years | $-4,305 |
| 9 years | $-2,871 |
| 11 years | $-1,436 |
| 13 years | $-2 |
| 15 years | $1,433 |
| 17 years | $2,868 |
| 19 years | $4,302 |
| 21 years | $5,737 |
| 23 years | $7,172 |
| 25 years | $8,606 |
Top Solar Installers in Frankford
Trying to install solar panels by yourself can be a difficult project, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what kind of solar equipment you need.
There are various licensed solar professionals that can take care of your solar installation project. 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Frankford
Factors that Affect Solar Panel Costs in Frankford
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Frankford: 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Frankford to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining the cost. Frankford's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $10,292 | 13.5 years |
| 8 kW | $2.83 | $15,822 | $14,033 | 13.2 years |
| 10 kW | $2.77 | $19,390 | $17,929 | 13.0 years |
| 12 kW | $2.71 | $22,803 | $21,980 | 12.7 years |
| 14 kW | $2.66 | $26,060 | $26,186 | 12.5 years |
| 16 kW | $2.60 | $29,163 | $30,547 | 12.2 years |
| 18 kW | $2.55 | $32,110 | $35,064 | 12.0 years |
| 20 kW | $2.49 | $34,902 | $39,735 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Frankford, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Frankford?
The average cost of solar panels in Frankford is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Frankford?
Solar panels aren't free in Frankford, 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.
How will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Frankford is currently $279,486, so you can expect a value of about $11,459 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Frankford is a rewarding investment.
What solar power system size is right for 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.