Solar Panel Cost Guide in Haledon, NJ (2024 Update)
- Haledon Solar Installation Cost: $11,798
- 25-Year Savings: $8,747
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Haledon
We go over average solar pricing in Haledon.
The average cost of a solar panel system in Haledon is 4 per watt.The average solar panel system size in Haledon is around 4.8 kilowatts, meaning a cost of about $11,798 for a solar installation, or $16,871 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Haledon homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high initial cost, the average Haledon homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Haledon for a quote for your home.
Solar savings over time in Haledon
Year | Return on Investment |
---|---|
1 years | $-10,376 |
3 years | $-7,531 |
5 years | $-4,686 |
7 years | $-1,841 |
9 years | $1,003 |
11 years | $3,848 |
13 years | $6,693 |
15 years | $9,537 |
17 years | $12,382 |
19 years | $15,227 |
21 years | $18,072 |
23 years | $20,916 |
25 years | $23,761 |
Top Solar Installers in Haledon
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make your swap to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
If you're searching for a solar installer in Haledon, the EcoWatch team has put together a list of our top suggestions here:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Haledon
Factors that Affect Solar Panel Costs in Haledon
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Haledon: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,530. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Haledon average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to include 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
The solar installation company you choose will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Haledon have more knowledge about local solar incentives and can help you make good use 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 help you save 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 | $3.67 | $15,419 | $7,207 | 17.0 years |
8 kW | $3.60 | $20,163 | $10,004 | 16.7 years |
10 kW | $3.53 | $24,710 | $12,999 | 16.4 years |
12 kW | $3.46 | $29,059 | $16,192 | 16.1 years |
14 kW | $3.39 | $33,210 | $19,583 | 15.7 years |
16 kW | $3.32 | $37,164 | $23,171 | 15.4 years |
18 kW | $3.25 | $40,920 | $26,957 | 15.1 years |
20 kW | $3.18 | $44,478 | $30,941 | 14.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Haledon, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Haledon?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Haledon?
You can’t get solar panels for free in Haledon. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 buy 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.