Solar Panel Cost Guide in Lopatcong, NJ (Dec 2022)

  • Lopatcong Solar Installation Cost: $9,307
  • 25-Year Savings: $6,877
  • Payback Period: 14.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated December 8, 2022

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Average Cost of Solar Panels in Lopatcong

Find out what the average cost of solar panel installation is in Lopatcong.

In Lopatcong, solar panels cost about $3 per watt on average. The average Lopatcong homeowner needs a 4.8-kilowatt system, which would cost about $9,307, or $6,887 after the federal solar tax credit of 30% is applied.

How much you pay can go above or below the average in Lopatcong based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $13,000 over 20 years on utility bills.

Click the button below to get connected to a vetted solar panel company in Lopatcong for a customized estimate.

Solar savings over time in Lopatcong

Year Return on Investment
1 years $-8,660
3 years $-7,365
5 years $-6,070
7 years $-4,776
9 years $-3,481
11 years $-2,186
13 years $-892
15 years $403
17 years $1,698
19 years $2,992
21 years $4,287
23 years $5,582
25 years $6,877

Top Solar Installers in Lopatcong

Although it's possible to install solar panels by yourself, it requires extra effort and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. Some solar companies, especially local ones, can help you better understand incentives in Lopatcong, therefore optimizing your ROI.

If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:

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

Tesla Energy

★★★★★
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 Lopatcong

Factors that Affect Solar Panel Costs in Lopatcong

For many Lopatcong homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Lopatcong, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,770. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar companies in Lopatcong provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panel system can impact how much it costs. Lopatcong's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 $8,140 14.9 years
8 kW $2.83 $15,822 $11,163 14.7 years
10 kW $2.77 $19,390 $14,342 14.4 years
12 kW $2.71 $22,803 $17,675 14.1 years
14 kW $2.66 $26,060 $21,164 13.8 years
16 kW $2.60 $29,163 $24,808 13.5 years
18 kW $2.55 $32,110 $28,607 13.2 years
20 kW $2.49 $34,902 $32,561 12.9 years

How to Save on Solar Panels

Since the type of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Reputation: Long-standing companies likely have a solid 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 service, such as part repairs and replacements.
  • Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Solar Panel Brands: The brand of solar panel you want to install plays a role in which company you should go with, since different companies offer different panels.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.

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

Tesla Energy

★★★★★
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 Lopatcong, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Lopatcong?

The average cost of solar panels in Lopatcong is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on stuff 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 Lopatcong?

You can't get solar panels for free in Lopatcong. 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 want to own your solar panels, you can finance them with a solar loan.

Do solar panels increase the value of your home?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.

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