Solar Panel Cost Guide in Highlands, NJ (Oct 2022)

Factors that Affect Solar Panel Costs in Highlands

For many Highlands homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Highlands, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the solar system you need for your home is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,770. The kind of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Highlands have solar loans, which reduce your upfront costs of installing a solar system. Although solar loans make going solar more accessible for Highlands homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can influence your pricing. Highlands' solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.