Solar Panel Cost Guide in Manchester, NJ (2023 Update)
- Manchester Solar Installation Cost: $8,609
- 25-Year Savings: $9,219
- Payback Period: 12.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Manchester
Here's how much it might cost to make the switch to solar in Manchester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Manchester, the typical cost of solar panels is 2.77 per watt. The average Manchester homeowner needs a 4.4-kilowatt system, which would cost about $8,609 with the federal tax credit, or $12,311 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Manchester can save around $15,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar installation company in Manchester, you can click the button below.
Solar savings over time in Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-7,896 |
| 3 years | $-6,470 |
| 5 years | $-5,044 |
| 7 years | $-3,617 |
| 9 years | $-2,191 |
| 11 years | $-765 |
| 13 years | $661 |
| 15 years | $2,088 |
| 17 years | $3,514 |
| 19 years | $4,940 |
| 21 years | $6,366 |
| 23 years | $7,793 |
| 25 years | $9,219 |
Top Solar Installers in Manchester
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make your swap to solar power much easier. Plus, if you're unsure what brand of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Manchester:
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 Manchester
Factors that Affect Solar Panel Costs in Manchester
While the average cost of a solar system in Manchester is $8,609, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. 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. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Manchester average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Manchester, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to 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 | $12,007 | 12.5 years |
| 8 kW | $2.83 | $15,822 | $16,320 | 12.3 years |
| 10 kW | $2.77 | $19,390 | $20,788 | 12.1 years |
| 12 kW | $2.71 | $22,803 | $25,411 | 11.8 years |
| 14 kW | $2.66 | $26,060 | $30,189 | 11.6 years |
| 16 kW | $2.60 | $29,163 | $35,122 | 11.3 years |
| 18 kW | $2.55 | $32,110 | $40,210 | 11.1 years |
| 20 kW | $2.49 | $34,902 | $45,453 | 10.9 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:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Installation Process: When making the switch to solar power, it's necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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 Manchester, NJ Solar Cost FAQs
How much does it cost to install solar panels in Manchester?
The average cost of solar panels in Manchester 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Manchester?
You can't get solar panels for free in Manchester. However, you may still be able to install 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.
Is it worth going solar in Manchester?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Manchester?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 keep using 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.