Solar Panel Cost Guide in Millstone, NJ (2025 Update)
- Millstone Solar Installation Cost: $11,170
- 25-Year Savings: $7,419
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Millstone
Find out what the average cost of solar panel installation is in Millstone.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Millstone, the typical cost of a solar system is 4 per watt.Because a 4.5-kW system is needed to cover the energy costs of a typical home in Millstone, the average price of going solar will be about $11,170 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Millstone based on a few factors, such as the brand of solar panels you choose and the solar installer you hire.Despite the significant upfront cost, the average Millstone homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Millstone
Year | Return on Investment |
---|---|
1 years | $-10,111 |
3 years | $-7,992 |
5 years | $-5,874 |
7 years | $-3,755 |
9 years | $-1,637 |
11 years | $481 |
13 years | $2,600 |
15 years | $4,718 |
17 years | $6,837 |
19 years | $8,955 |
21 years | $11,073 |
23 years | $13,192 |
25 years | $15,310 |
Top Solar Installers in Millstone
When going solar, many homeowners opt to go with a solar installer since putting up a solar system yourself can be a difficult project. The payback period of solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are a number of 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 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 Millstone
Factors that Affect Solar Panel Costs in Millstone
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Millstone: 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
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,530.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they cut back 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 adopting solar energy more accessible for Millstone homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Millstone is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different costs.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $6,062 | 17.9 years |
8 kW | $3.60 | $20,163 | $8,478 | 17.6 years |
10 kW | $3.53 | $24,710 | $11,092 | 17.3 years |
12 kW | $3.46 | $29,059 | $13,903 | 16.9 years |
14 kW | $3.39 | $33,210 | $16,912 | 16.6 years |
16 kW | $3.32 | $37,164 | $20,119 | 16.2 years |
18 kW | $3.25 | $40,920 | $23,524 | 15.9 years |
20 kW | $3.18 | $44,478 | $27,126 | 15.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Millstone, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Millstone?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Millstone?
Solar panels aren’t free in Millstone, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Millstone, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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.