Solar Panel Cost Guide in High Bridge, NJ (Dec 2022)

  • High Bridge Solar Installation Cost: $9,230
  • 25-Year Savings: $6,954
  • Payback Period: 14.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in High Bridge

Let's take a look at the average cost of solar panels in High Bridge.

In High Bridge, solar panels cost about $3 per watt on average. To cover the typical energy usage of the average home in High Bridge, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs around $9,230, or $6,830 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of equipment you want, your solar contractor and more. For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.

For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in High Bridge

Year Return on Investment
1 years $-8,582
3 years $-7,288
5 years $-5,993
7 years $-4,698
9 years $-3,403
11 years $-2,109
13 years $-814
15 years $481
17 years $1,775
19 years $3,070
21 years $4,365
23 years $5,659
25 years $6,954

Top Solar Installers in High Bridge

Installing solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies offer can be useful as well, especially if you aren't sure what type of solar equipment would be right for your home.

Working with a vetted solar installer can make going solar easier. Here are our recommendations:

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 Technology

Tesla Energy

★★★★★
4.5

  • 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 High Bridge

Factors that Affect Solar Panel Costs in High Bridge

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

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need 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. The brand of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.

Solar Financing Terms

If paying for solar panels out of pocket is difficult, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Even though solar loans make going solar more accessible for High Bridge homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout High Bridge, and each can charge varying amounts for labor and equipment. Additionally, some companies in High Bridge have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 $2.88 $12,099 $8,319 14.8 years
8 kW $2.83 $15,822 $11,402 14.5 years
10 kW $2.77 $19,390 $14,640 14.2 years
12 kW $2.71 $22,803 $18,034 14.0 years
14 kW $2.66 $26,060 $21,582 13.7 years
16 kW $2.60 $29,163 $25,286 13.4 years
18 kW $2.55 $32,110 $29,145 13.1 years
20 kW $2.49 $34,902 $33,159 12.8 years

How to Save on Solar Panels

There are a lot of companies to choose from in High Bridge, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
  • Installation Process: Get details 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.
  • Solar Panel Brands: The brand of solar panel you need to get plays a part in which company you should go with, since different companies have access to different panels.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.

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 Technology

Tesla Energy

★★★★★
4.5

  • 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 High Bridge, NJ Solar Cost FAQs

How much does it cost to install solar panels in High Bridge?

This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Are solar panels free in High Bridge?

A solar panel system isn't free in High Bridge, but there are some options that can make getting them more feasible, 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 the value of my home?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in High Bridge is currently $265,600, so you could be looking at a value of about $10,890 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in High Bridge 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 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 home 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.

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