Solar Panel Cost Guide in Mcguire Air Force Base, NJ (Mar 2023)
- Mcguire Air Force Base Solar Installation Cost: $8,939
- 25-Year Savings: $7,800
- Payback Period: 13.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mcguire Air Force Base
See how much it might cost to go solar in Mcguire Air Force Base.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mcguire Air Force Base, the average cost of a solar system is 2.77 per watt. The average Mcguire Air Force Base homeowner needs a 4.6-kilowatt system, which would cost about $8,939 with the federal tax credit, or $12,783 before the 30% tax credit is applied.
The true cost of your system can be above or below the average in Mcguire Air Force Base based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Mcguire Air Force Base can save about $14,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Mcguire Air Force Base
| Year | Return on Investment |
|---|---|
| 1 years | $-8,269 |
| 3 years | $-6,930 |
| 5 years | $-5,591 |
| 7 years | $-4,252 |
| 9 years | $-2,913 |
| 11 years | $-1,574 |
| 13 years | $-234 |
| 15 years | $1,105 |
| 17 years | $2,444 |
| 19 years | $3,783 |
| 21 years | $5,122 |
| 23 years | $6,461 |
| 25 years | $7,800 |
Top Solar Installers in Mcguire Air Force Base
Installing solar panels on your own can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Mcguire Air Force Base
Factors that Affect Solar Panel Costs in Mcguire Air Force Base
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Mcguire Air Force Base: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Mcguire Air Force Base, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,770 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Mcguire Air Force Base provide solar loans, which reduce your upfront costs of installing solar. Even though solar loans make switching to solar energy more accessible for Mcguire Air Force Base homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also is within your budget.
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 | $9,691 | 13.9 years |
| 8 kW | $2.83 | $15,822 | $13,231 | 13.6 years |
| 10 kW | $2.77 | $19,390 | $16,927 | 13.3 years |
| 12 kW | $2.71 | $22,803 | $20,778 | 13.1 years |
| 14 kW | $2.66 | $26,060 | $24,783 | 12.8 years |
| 16 kW | $2.60 | $29,163 | $28,944 | 12.5 years |
| 18 kW | $2.55 | $32,110 | $33,260 | 12.3 years |
| 20 kW | $2.49 | $34,902 | $37,732 | 12.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly affects 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: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- 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 how part repairs and replacements will be handled.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Mcguire Air Force Base, NJ Solar Cost FAQs
How much does it cost to install solar panels in Mcguire Air Force Base?
This is a hard question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost 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.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mcguire Air Force Base is currently $116,176, which means you could be looking at a value of about $4,763 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mcguire Air Force Base is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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.