Solar Panel Cost Guide in Lodi, NJ (Jan 2023)
- Lodi Solar Installation Cost: $9,055
- 25-Year Savings: $8,795
- Payback Period: 12.7 Years
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Top Solar Installers in Lodi
Although you can install solar panels on your own, it involves extra effort and expertise. For that reason, most homeowners choose a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
If you're searching for a solar company in Lodi, we've organized a list of our top suggestions here:
See all of the solar companies in Lodi
Factors that Affect Solar Panel Costs in Lodi
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Lodi: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you're looking to get 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 out of reach, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more 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 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||$10,856||13.2 years|
|8 kW||$2.83||$15,822||$14,785||12.9 years|
|10 kW||$2.77||$19,390||$18,870||12.7 years|
|12 kW||$2.71||$22,803||$23,109||12.4 years|
|14 kW||$2.66||$26,060||$27,503||12.2 years|
|16 kW||$2.60||$29,163||$32,053||11.9 years|
|18 kW||$2.55||$32,110||$36,757||11.7 years|
|20 kW||$2.49||$34,902||$41,617||11.4 years|
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you care about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 big role in the company you hire.
- Contract: It's important to look over 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 installation process.
EcoWatch's Lodi, NJ Solar Cost FAQs
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.