Solar Panel Cost Guide in Holland, NJ (2024 Update)
- Holland Solar Installation Cost: $11,751
- 25-Year Savings: $6,963
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Holland
Find out what the average cost of solar panel installation is in Holland.
The average cost of solar panels in Holland is 4 per watt.To account for the typical energy needs of the average home in Holland, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,751, or $16,804 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will look different based on your specific situation and what company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $13,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized estimate.
Solar savings over time in Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-10,692 |
| 3 years | $-8,574 |
| 5 years | $-6,455 |
| 7 years | $-4,337 |
| 9 years | $-2,218 |
| 11 years | $-100 |
| 13 years | $2,018 |
| 15 years | $4,137 |
| 17 years | $6,255 |
| 19 years | $8,374 |
| 21 years | $10,492 |
| 23 years | $12,610 |
| 25 years | $14,729 |
Top Solar Installers in Holland
Although you can install solar panels yourself, it involves extra labor and expertise. That's why the majority of homeowners choose to hire a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Holland
Factors that Affect Solar Panel Costs in Holland
Though the average cost of a solar system in Holland is $11,751, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,530 per kilowatt in Holland.The type 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 be more costly. Plus, solar equipment consists of 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 for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Holland, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Holland homeowners, they can also add to 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
The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Holland, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $4,999 | 18.9 years |
| 8 kW | $3.60 | $20,163 | $7,061 | 18.5 years |
| 10 kW | $3.53 | $24,710 | $9,320 | 18.2 years |
| 12 kW | $3.46 | $29,059 | $11,777 | 17.8 years |
| 14 kW | $3.39 | $33,210 | $14,432 | 17.4 years |
| 16 kW | $3.32 | $37,164 | $17,285 | 17.1 years |
| 18 kW | $3.25 | $40,920 | $20,335 | 16.7 years |
| 20 kW | $3.18 | $44,478 | $23,583 | 16.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Holland, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Holland?
The average cost of solar panels in Holland is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Holland?
Solar panels aren’t free in Holland, 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.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Holland is currently $418,536, so you could be looking at a value of about $17,160 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Holland is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.