Solar Panel Cost Guide in Mcguire Air Force Base, NJ (Nov 2022)

  • Mcguire Air Force Base Solar Installation Cost: $8,939
  • 25-Year Savings: $7,800
  • Payback Period: 13.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 per watt. The average Mcguire Air Force Base homeowner needs a 4.6-kilowatt system, which would cost about $8,939, or $6,615 after the federal solar tax credit of 30% 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 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 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 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 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 tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Mcguire Air Force Base?

You can't get solar panels for free in Mcguire Air Force Base. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

How much can I save on energy bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $726.34 per year.

How long do solar panels last in Mcguire Air Force Base?

On average, the lifespan of solar panels is 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 level 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.

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