Solar Panel Cost Guide in Montague, NJ (2024 Update)
- Montague Solar Installation Cost: $11,874
- 25-Year Savings: $10,050
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Montague
Find out what the average cost of solar panels are in Montague.
Although the national average of solar panels is $2.66 per watt, solar panels in Montague typically cost around 4.To cover the typical energy usage of the average home in Montague, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs about $11,874, or $16,980 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs may vary based on the amount of energy your home requires and what company you want to go with.With average savings of about $15,000 on utility bills over 20 years, many homeowners in Montague find investing in solar can be quite rewarding.
To receive a free quote from a vetted solar installation company in Montague, you can click the button below.
Solar savings over time in Montague
| Year | Return on Investment |
|---|---|
| 1 years | $-10,841 |
| 3 years | $-8,776 |
| 5 years | $-6,711 |
| 7 years | $-4,646 |
| 9 years | $-2,581 |
| 11 years | $-516 |
| 13 years | $1,549 |
| 15 years | $3,614 |
| 17 years | $5,679 |
| 19 years | $7,744 |
| 21 years | $9,809 |
| 23 years | $11,874 |
| 25 years | $13,939 |
Top Solar Installers in Montague
Putting up solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your home.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- 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
- 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 Montague
Factors that Affect Solar Panel Costs in Montague
For many Montague homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Montague, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Montague, 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 figure out by looking at past power bills. Your overall cost can increase by about $3,530 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Montague homeowners decide to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you select will play a role in 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 find a 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 | $3.67 | $15,419 | $8,764 | 15.9 years |
| 8 kW | $3.60 | $20,163 | $12,081 | 15.6 years |
| 10 kW | $3.53 | $24,710 | $15,595 | 15.3 years |
| 12 kW | $3.46 | $29,059 | $19,307 | 15.0 years |
| 14 kW | $3.39 | $33,210 | $23,217 | 14.7 years |
| 16 kW | $3.32 | $37,164 | $27,324 | 14.4 years |
| 18 kW | $3.25 | $40,920 | $31,629 | 14.1 years |
| 20 kW | $3.18 | $44,478 | $36,132 | 13.8 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. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should go with, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
Best National Provider
SunPower
- 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
- 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 Montague, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Montague?
The average cost of solar panels in Montague 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Montague?
A solar panel system isn’t free in Montague, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Montague, 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 contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power 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 take a 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 install 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.