Solar Panel Cost Guide in Hammonton, NJ (2023 Update)

  • Hammonton Solar Installation Cost: $8,682
  • 25-Year Savings: $14,078
  • Payback Period: 9.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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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 Hammonton

See how much it might cost to install solar panels in Hammonton.

In Hammonton, solar panels cost about 2.77 per watt on average. To account for the typical energy needs of the average home in Hammonton, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $8,687, or $12,422 before the federal solar tax credit of 30% is applied.

The true price you pay can be higher or lower than the average in Hammonton depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Hammonton find investing in solar can pay off big.

You can click the button below to get connected with a top solar installer in Hammonton that can help you get a more accurate cost estimate for your home.

Solar savings over time in Hammonton

Year Return on Investment
1 years $-7,184
3 years $-4,188
5 years $-1,191
7 years $1,805
9 years $4,801
11 years $7,798
13 years $10,794
15 years $13,791
17 years $16,787
19 years $19,783
21 years $22,780
23 years $25,776
25 years $28,772

Top Solar Installers in Hammonton

Although it's possible to install solar panels by yourself, it requires extra time and knowledge. Because of that, the majority of homeowners choose a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:

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 Hammonton

Factors that Affect Solar Panel Costs in Hammonton

The cost of installing a solar system in Hammonton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,770. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Hammonton average.

Solar Financing Terms

Most solar companies in Hammonton provide solar loans, which reduce your upfront costs of installing a solar system. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

A final factor to consider when trying to estimate the cost of solar for your home or business in Hammonton is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that provide a range of services at different price points. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 $18,399 9.9 years
8 kW $2.83 $15,822 $24,842 9.7 years
10 kW $2.77 $19,390 $31,441 9.5 years
12 kW $2.71 $22,803 $38,194 9.3 years
14 kW $2.66 $26,060 $45,103 9.2 years
16 kW $2.60 $29,163 $52,166 9.0 years
18 kW $2.55 $32,110 $59,385 8.8 years
20 kW $2.49 $34,902 $66,759 8.6 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 models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
  • Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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 Hammonton, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Hammonton?

The average cost of solar panels in Hammonton 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 use.

Can you get solar panels for free in Hammonton?

You can't get solar panels for free in Hammonton. However, you may still be able to afford 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.

Can solar panels significantly reduce my energy bills?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,016.61 per year.

How long do solar panels last in Hammonton?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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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