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Top Solar Installers in Mount Laurel
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be hard. The payback period of solar panels will vary depending on factors like your location and energy use, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our suggestions for providers near you:
See all of the solar companies in Mount Laurel
Factors that Affect Solar Panel Costs in Mount Laurel
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Mount Laurel: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
When it comes to estimating the price of a solar system in Mount Laurel, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect how much it costs. Mount Laurel's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Mount Laurel know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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||$11,137||13.0 years|
|8 kW||$2.83||$15,822||$15,160||12.8 years|
|10 kW||$2.77||$19,390||$19,337||12.5 years|
|12 kW||$2.71||$22,803||$23,670||12.3 years|
|14 kW||$2.66||$26,060||$28,158||12.0 years|
|16 kW||$2.60||$29,163||$32,801||11.8 years|
|18 kW||$2.55||$32,110||$37,600||11.5 years|
|20 kW||$2.49||$34,902||$42,553||11.3 years|
How to Save on Solar Panels
The solar company you go with will be a major factor in determining 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 several important things you should take into account, such as:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
EcoWatch's Mount Laurel, NJ Solar Cost FAQs
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.