Solar Panel Cost Guide in Kingwood, NJ (2023 Update)
- Kingwood Solar Installation Cost: $9,221
- 25-Year Savings: $6,963
- Payback Period: 14.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kingwood
Let's have a look at the average cost of solar in Kingwood.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kingwood, the typical cost of solar panels is 2.77 per watt. To cover the typical energy usage of the average home in Kingwood, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs about $9,230, or $13,199 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Kingwood find going solar has a decent ROI.
To get a free estimate from a top solar installer in Kingwood, you can click the button below.
Solar savings over time in Kingwood
| Year | Return on Investment |
|---|---|
| 1 years | $-8,162 |
| 3 years | $-6,044 |
| 5 years | $-3,925 |
| 7 years | $-1,807 |
| 9 years | $312 |
| 11 years | $2,430 |
| 13 years | $4,548 |
| 15 years | $6,667 |
| 17 years | $8,785 |
| 19 years | $10,904 |
| 21 years | $13,022 |
| 23 years | $15,140 |
| 25 years | $17,259 |
Top Solar Installers in Kingwood
Many homeowners choose to use a solar installer since figuring out how to install solar panels yourself can be hard. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Kingwood
Factors that Affect Solar Panel Costs in Kingwood
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Kingwood: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Kingwood is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of 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 larger companies.
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 | $8,319 | 14.8 years |
| 8 kW | $2.83 | $15,822 | $11,402 | 14.5 years |
| 10 kW | $2.77 | $19,390 | $14,640 | 14.2 years |
| 12 kW | $2.71 | $22,803 | $18,034 | 14.0 years |
| 14 kW | $2.66 | $26,060 | $21,582 | 13.7 years |
| 16 kW | $2.60 | $29,163 | $25,286 | 13.4 years |
| 18 kW | $2.55 | $32,110 | $29,145 | 13.1 years |
| 20 kW | $2.49 | $34,902 | $33,159 | 12.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Kingwood, NJ Solar Cost FAQs
How much does it cost to install solar panels in Kingwood?
The average cost of solar panels in Kingwood 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Kingwood?
You can't get solar panels for free in Kingwood. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Kingwood have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.