Solar Panel Cost Guide in Mullica, NJ (2023 Update)
- Mullica Solar Installation Cost: $8,682
- 25-Year Savings: $14,078
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mullica
See how much it might cost to make the switch to solar in Mullica.
In Mullica, solar panels cost about 2.77 per watt on average. Using this figure, a typical 4.5-kW system would cost about $8,687 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Mullica homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Mullica find investing in solar can be quite rewarding.
To get a free quote from a vetted solar installer in Mullica, you can click the button below.
Solar savings over time in Mullica
| Year | Return on Investment |
|---|---|
| 1 years | $-7,184 |
| 3 years | $-4,188 |
| 5 years | $-1,191 |
| 7 years | $1,805 |
| 9 years | $4,801 |
| 11 years | $7,798 |
| 13 years | $10,794 |
| 15 years | $13,791 |
| 17 years | $16,787 |
| 19 years | $19,783 |
| 21 years | $22,780 |
| 23 years | $25,776 |
| 25 years | $28,772 |
Top Solar Installers in Mullica
Although it's possible to install solar panels yourself, it requires extra effort and expertise. Because of that, most homeowners choose to hire a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your home.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Mullica:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Mullica
Factors that Affect Solar Panel Costs in Mullica
For many Mullica homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Mullica, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Mullica is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services at different costs. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $18,399 | 9.9 years |
| 8 kW | $2.83 | $15,822 | $24,842 | 9.7 years |
| 10 kW | $2.77 | $19,390 | $31,441 | 9.5 years |
| 12 kW | $2.71 | $22,803 | $38,194 | 9.3 years |
| 14 kW | $2.66 | $26,060 | $45,103 | 9.2 years |
| 16 kW | $2.60 | $29,163 | $52,166 | 9.0 years |
| 18 kW | $2.55 | $32,110 | $59,385 | 8.8 years |
| 20 kW | $2.49 | $34,902 | $66,759 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: The model of solar panel you'd like plays a part in which company you should choose, since different companies have access to different panels.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Mullica, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Mullica?
The average cost of solar panels in Mullica is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mullica?
You can't get solar panels for free in Mullica. 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 rather own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a good investment for most 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 fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.