Solar Panel Cost Guide in Holiday City Berkeley, NJ (Oct 2022)

  • Holiday City Berkeley Solar Installation Cost: $8,609
  • 25-Year Savings: $9,767
  • Payback Period: 11.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 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 $6,371 after 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 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

The Green Panel

★★★★★
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 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 Size

The size of the solar energy system you need for your household 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

Solar Incentives in Holiday City Berkeley

Name Successor Solar Incentive (SuSI) Program
Website Visit here
More Info Click here

Name Solar Energy Sales Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Solar Renewable Energy Certificates (SRECs) Registration Program
Website Visit here
More Info Click here

Name NJ Clean Energy- Residential New Construction Program
Website Visit here
More Info Click here

Name Home Performance with ENERGY STAR Program
Website Visit here
More Info Click here

Name Home Performance with ENERGY STAR Program
Website Visit here
More Info Click here

Name COOLAdvantage Program
Website Visit here
More Info Click here

Name NJ Clean Energy- WARMAdvantage Program (Electric and Gas)
Website Visit here
More Info Click here

Name New Jersey Renewable Energy Incentive Program (Sustainable Biopower)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 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

The Green Panel

★★★★★
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 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 a variety of factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

Are solar panels free in Holiday City Berkeley?

Solar panels aren't free in Holiday City Berkeley, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

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.

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