Solar Panel Cost Guide in Montgomery, NJ (Nov 2022)

  • Montgomery Solar Installation Cost: $9,191
  • 25-Year Savings: $8,243
  • Payback Period: 13.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Montgomery

Find out what the average cost of installing solar panels is in Montgomery.

In Montgomery, solar panels cost about $3 per watt on average. Because a 4.7-kW system is needed to cover the energy consumption of a typical home in Montgomery, the average price of going solar will be about $9,191 before claiming the federal solar tax credit of 30%.

The true price you pay can be above or below the average in Montgomery based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Montgomery can save about $14,000 on their power bills over 20 years.

For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Montgomery

Year Return on Investment
1 years $-8,494
3 years $-7,099
5 years $-5,704
7 years $-4,309
9 years $-2,915
11 years $-1,520
13 years $-125
15 years $1,269
17 years $2,664
19 years $4,059
21 years $5,453
23 years $6,848
25 years $8,243

Top Solar Installers in Montgomery

Although it's possible to install solar panels yourself, it involves extra energy and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Montgomery, optimizing your ROI.

If you'd like to switch to solar energy but still aren't certain which solar panel installer to go with, here are our suggestions for providers in Montgomery:

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 Montgomery

Factors that Affect Solar Panel Costs in Montgomery

Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Montgomery: 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

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in Montgomery. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar companies in Montgomery offer solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Montgomery, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.

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 $9,990 13.7 years
8 kW $2.83 $15,822 $13,630 13.4 years
10 kW $2.77 $19,390 $17,425 13.2 years
12 kW $2.71 $22,803 $21,376 12.9 years
14 kW $2.66 $26,060 $25,481 12.6 years
16 kW $2.60 $29,163 $29,742 12.4 years
18 kW $2.55 $32,110 $34,158 12.1 years
20 kW $2.49 $34,902 $38,729 11.9 years

How to Save on Solar Panels

The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
  • Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
  • Warranty: If you're worried about the endurance of your solar panel system, verifying your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: Different companies carry various brands and types 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 Montgomery, NJ Solar Cost FAQs

How much does it cost to install solar panels in Montgomery?

This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Are solar panels free in Montgomery?

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

Is switching to solar power worth it?

Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption 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 cover 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.

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