Solar Panel Cost Guide in Little Egg Harbor, NJ (2023 Update)
- Little Egg Harbor Solar Installation Cost: $8,609
- 25-Year Savings: $11,521
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Little Egg Harbor
Let's have a look at the average cost of solar panels in Little Egg Harbor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Little Egg Harbor, the typical cost of a solar system is 2.77 per watt. The average solar panel system size in Little Egg Harbor 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.
Keep in mind that the figures above are only estimates based on the average Little Egg Harbor 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. Many homeowners find going solar is a fruitful investment. The average homeowner in Little Egg Harbor can save about $17,000 on their electricity bills over 20 years.
To receive a free estimate from a highly rated solar company in Little Egg Harbor, you can click the button below.
Solar savings over time in Little Egg Harbor
| Year | Return on Investment |
|---|---|
| 1 years | $-7,804 |
| 3 years | $-6,194 |
| 5 years | $-4,583 |
| 7 years | $-2,973 |
| 9 years | $-1,362 |
| 11 years | $248 |
| 13 years | $1,858 |
| 15 years | $3,469 |
| 17 years | $5,079 |
| 19 years | $6,690 |
| 21 years | $8,300 |
| 23 years | $9,910 |
| 25 years | $11,521 |
Top Solar Installers in Little Egg Harbor
Many homeowners opt for a solar panel company since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Some solar companies, particularly local ones, can help you better understand incentives in Little Egg Harbor, thereby optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Little Egg Harbor:
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 Little Egg Harbor
Factors that Affect Solar Panel Costs in Little Egg Harbor
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Little Egg Harbor homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Little Egg Harbor, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $15,120 | 11.1 years |
| 8 kW | $2.83 | $15,822 | $20,470 | 10.9 years |
| 10 kW | $2.77 | $19,390 | $25,975 | 10.7 years |
| 12 kW | $2.71 | $22,803 | $31,636 | 10.5 years |
| 14 kW | $2.66 | $26,060 | $37,451 | 10.3 years |
| 16 kW | $2.60 | $29,163 | $43,422 | 10.0 years |
| 18 kW | $2.55 | $32,110 | $49,548 | 9.8 years |
| 20 kW | $2.49 | $34,902 | $55,829 | 9.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Little Egg Harbor, NJ Solar Cost FAQs
How much does it cost to install solar panels in Little Egg Harbor?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Little Egg Harbor, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.