Solar Panel Cost Guide in Hammonton, NJ (2025 Update)
- Hammonton Solar Installation Cost: $11,064
- 25-Year Savings: $14,078
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Hammonton
Find out what the average cost of solar panel installation is in Hammonton.
The national average cost of solar panels is $2.66 per watt, but in Hammonton it’s 4 per watt.To cover the typical energy needs of the average home in Hammonton, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,064, or $15,822 before the federal solar tax credit of 0 is applied.
The true price you pay can be above or below the average in Hammonton depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $19,000 over 20 years on power bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hammonton
Year | Return on Investment |
---|---|
1 years | $-9,566 |
3 years | $-6,570 |
5 years | $-3,574 |
7 years | $-577 |
9 years | $2,419 |
11 years | $5,416 |
13 years | $8,412 |
15 years | $11,408 |
17 years | $14,405 |
19 years | $17,401 |
21 years | $20,397 |
23 years | $23,394 |
25 years | $26,390 |
Top Solar Installers in Hammonton
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. That's why the majority of homeowners choose a solar panel installer. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are several 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 for Leasing
Sunrun
- 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
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,530. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Hammonton average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Hammonton, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to add 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Hammonton know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $3.67 | $15,419 | $15,079 | 12.6 years |
8 kW | $3.60 | $20,163 | $20,501 | 12.4 years |
10 kW | $3.53 | $24,710 | $26,121 | 12.2 years |
12 kW | $3.46 | $29,059 | $31,938 | 11.9 years |
14 kW | $3.39 | $33,210 | $37,953 | 11.7 years |
16 kW | $3.32 | $37,164 | $44,165 | 11.4 years |
18 kW | $3.25 | $40,920 | $50,575 | 11.2 years |
20 kW | $3.18 | $44,478 | $57,183 | 10.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re concerned about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
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
EcoWatch's Hammonton, NJ Solar Cost FAQs
How much does it cost to install solar panels in Hammonton?
The average cost of solar panels in Hammonton is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels 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’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
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 often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.