Solar Panel Cost Guide in Maurice River, NJ (2025 Update)
- Maurice River Solar Installation Cost: $11,168
- 25-Year Savings: $14,393
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Maurice River
Find out what the average cost of installing solar panels is in Maurice River.
The national average cost of solar panels is $2.66 per watt, but in Maurice River it’s 4 per watt.Using this figure, a typical 4.5-kW system would cost about $11,168 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Maurice River see about $19,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Maurice River
Year | Return on Investment |
---|---|
1 years | $-9,670 |
3 years | $-6,674 |
5 years | $-3,677 |
7 years | $-681 |
9 years | $2,315 |
11 years | $5,312 |
13 years | $8,308 |
15 years | $11,305 |
17 years | $14,301 |
19 years | $17,297 |
21 years | $20,294 |
23 years | $23,290 |
25 years | $26,286 |
Top Solar Installers in Maurice River
When making the switch to solar, many homeowners choose to use a solar installer since overseeing your solar installation yourself can be a difficult project. The payback period of solar panels will vary depending on factors like your roof configuration and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers in Maurice River:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Maurice River
Factors that Affect Solar Panel Costs in Maurice River
Even though the average cost of a solar system in Maurice River is $11,168, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Maurice River, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,530 for each additional kilowatt you need.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 have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Even though solar loans make switching to solar energy more accessible for Maurice River homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Maurice River have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.67 | $15,419 | $15,322 | 12.5 years |
8 kW | $3.60 | $20,163 | $20,824 | 12.3 years |
10 kW | $3.53 | $24,710 | $26,524 | 12.1 years |
12 kW | $3.46 | $29,059 | $32,422 | 11.8 years |
14 kW | $3.39 | $33,210 | $38,518 | 11.6 years |
16 kW | $3.32 | $37,164 | $44,811 | 11.3 years |
18 kW | $3.25 | $40,920 | $51,302 | 11.1 years |
20 kW | $3.18 | $44,478 | $57,991 | 10.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Maurice River, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you’re worried about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- 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 big role in the company you opt for.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Maurice River, NJ Solar Cost FAQs
How much does it cost to install solar panels in Maurice River?
The average cost of solar panels in Maurice River is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real 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 Maurice River?
A solar panel system isn’t free in Maurice River, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Maurice River?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.