Solar Panel Cost Guide in Holiday City-Berkeley, NJ (2025 Update)
- Holiday City-Berkeley Solar Installation Cost: $10,964
- 25-Year Savings: $9,772
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Holiday City-Berkeley
Let’s have a look at the average cost of solar panels in Holiday City-Berkeley.
The average cost of solar panels in Holiday City-Berkeley is 4 per watt.To cover the typical energy needs of the average home in Holiday City-Berkeley, most homeowners require a 4.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,964, or $15,679 before the federal solar tax credit of 0 is applied.
The true cost of your system can be above or below the average in Holiday City-Berkeley depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Holiday City-Berkeley can save around $16,000 on their power bills over 20 years.
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Solar savings over time in Holiday City-Berkeley
| Year | Return on Investment |
|---|---|
| 1 years | $-9,905 |
| 3 years | $-7,787 |
| 5 years | $-5,668 |
| 7 years | $-3,550 |
| 9 years | $-1,432 |
| 11 years | $687 |
| 13 years | $2,805 |
| 15 years | $4,923 |
| 17 years | $7,042 |
| 19 years | $9,160 |
| 21 years | $11,279 |
| 23 years | $13,397 |
| 25 years | $15,515 |
Top Solar Installers in Holiday City-Berkeley
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be a lot of work. Some solar companies, particularly local ones, can help you better understand incentives in Holiday City-Berkeley, therefore optimizing your ROI.
If you're looking for a solar company in Holiday City-Berkeley, the EcoWatch team has organized a list of our top suggestions here:
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 install a solar energy system depends 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 number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,530 per kilowatt in Holiday City-Berkeley.The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Holiday City-Berkeley homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Holiday City-Berkeley, and each can charge different amounts for labor and equipment.Additionally, some companies in Holiday City-Berkeley are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.67 | $15,419 | $9,429 | 15.5 years |
| 8 kW | $3.60 | $20,163 | $12,967 | 15.2 years |
| 10 kW | $3.53 | $24,710 | $16,703 | 14.9 years |
| 12 kW | $3.46 | $29,059 | $20,636 | 14.6 years |
| 14 kW | $3.39 | $33,210 | $24,768 | 14.3 years |
| 16 kW | $3.32 | $37,164 | $29,097 | 14.0 years |
| 18 kW | $3.25 | $40,920 | $33,623 | 13.7 years |
| 20 kW | $3.18 | $44,478 | $38,348 | 13.4 years |
How to Save on Solar Panels
There are many companies to choose from in Holiday City-Berkeley, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: When making the switch to solar power, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Holiday City-Berkeley, NJ Solar Cost FAQs
How much does it cost to install solar panels in Holiday City-Berkeley?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Holiday City-Berkeley?
A solar panel system isn’t free in Holiday City-Berkeley, 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.
Can you sell solar power back to the grid in Holiday City-Berkeley?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.