Solar Panel Cost Guide in Holiday City Berkeley, NJ (2023 Update)
- Holiday City Berkeley Solar Installation Cost: $8,609
- 25-Year Savings: $9,767
- Payback Period: 11.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Holiday City Berkeley
Find out what the average cost of a solar system is in Holiday City Berkeley.
The average cost of a solar system in Holiday City Berkeley is 2.77 per watt. The average solar panel system size in Holiday City Berkeley is around 4.4 kilowatts, meaning a cost of about $8,609 for a solar installation, or $12,311 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Holiday City Berkeley homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Holiday City Berkeley find investing in solar can pay off big.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Holiday City Berkeley
| Year | Return on Investment |
|---|---|
| 1 years | $-7,874 |
| 3 years | $-6,404 |
| 5 years | $-4,934 |
| 7 years | $-3,464 |
| 9 years | $-1,994 |
| 11 years | $-524 |
| 13 years | $946 |
| 15 years | $2,416 |
| 17 years | $3,887 |
| 19 years | $5,357 |
| 21 years | $6,827 |
| 23 years | $8,297 |
| 25 years | $9,767 |
Top Solar Installers in Holiday City Berkeley
Many homeowners choose to hire a solar installation company since trying to put up solar panels on your own can be hard. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Holiday City Berkeley:
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 Holiday City Berkeley
Factors that Affect Solar Panel Costs in Holiday City Berkeley
For many Holiday City Berkeley homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Holiday City Berkeley, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
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 about $2,770. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Holiday City Berkeley, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the amount of 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Holiday City Berkeley, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Holiday City Berkeley are more knowledgeable about local solar incentives and can help you take advantage 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 end up saving you 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 | $12,748 | 12.2 years |
| 8 kW | $2.83 | $15,822 | $17,308 | 11.9 years |
| 10 kW | $2.77 | $19,390 | $22,023 | 11.7 years |
| 12 kW | $2.71 | $22,803 | $26,893 | 11.5 years |
| 14 kW | $2.66 | $26,060 | $31,918 | 11.2 years |
| 16 kW | $2.60 | $29,163 | $37,098 | 11.0 years |
| 18 kW | $2.55 | $32,110 | $42,433 | 10.8 years |
| 20 kW | $2.49 | $34,902 | $47,924 | 10.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Holiday City Berkeley, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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 Holiday City Berkeley, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Holiday City Berkeley?
The average cost of solar panels in Holiday City Berkeley 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Holiday City Berkeley?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.