Solar Panel Cost Guide in Haledon, NJ (2023 Update)
- Haledon Solar Installation Cost: $9,249
- 25-Year Savings: $8,756
- Payback Period: 12.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Haledon
Find out what the average cost of solar panel installation is in Haledon.
Although the national average of solar panels is $2.66 per watt, solar panels in Haledon typically cost about 2.77. The average Haledon homeowner needs a 4.8-kilowatt system, which would cost about $9,249 with the federal tax credit, or $13,226 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 consumption, the type of solar panels you choose, your solar contractor and more. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $14,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar installer in Haledon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Haledon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,529 |
| 3 years | $-7,088 |
| 5 years | $-5,648 |
| 7 years | $-4,208 |
| 9 years | $-2,767 |
| 11 years | $-1,327 |
| 13 years | $113 |
| 15 years | $1,554 |
| 17 years | $2,994 |
| 19 years | $4,435 |
| 21 years | $5,875 |
| 23 years | $7,315 |
| 25 years | $8,756 |
Top Solar Installers in Haledon
Although you can install solar panels by yourself, it involves extra effort and expertise. That's why almost all homeowners choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your home.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
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 Haledon
Factors that Affect Solar Panel Costs in Haledon
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need, 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 nearly $2,770. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much 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 Haledon to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Haledon, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Haledon are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $2.88 | $12,099 | $10,526 | 13.4 years |
| 8 kW | $2.83 | $15,822 | $14,345 | 13.1 years |
| 10 kW | $2.77 | $19,390 | $18,319 | 12.9 years |
| 12 kW | $2.71 | $22,803 | $22,449 | 12.6 years |
| 14 kW | $2.66 | $26,060 | $26,733 | 12.3 years |
| 16 kW | $2.60 | $29,163 | $31,172 | 12.1 years |
| 18 kW | $2.55 | $32,110 | $35,767 | 11.8 years |
| 20 kW | $2.49 | $34,902 | $40,517 | 11.6 years |
How to Save on Solar Panels
There are a large number of companies available in Haledon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Haledon, NJ Solar Cost FAQs
How much does it cost to install solar panels in Haledon?
The average cost of solar panels in Haledon is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual 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 use.
What other factors should I consider other than cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
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 Haledon is currently $356,000, so you can look forward to a value of about $14,596 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Haledon is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.