Solar Panel Cost Guide in Mullica Hill, NJ (2025 Update)
- Mullica Hill Solar Installation Cost: $11,485
- 25-Year Savings: $11,293
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Mullica Hill
See how much it might cost to make the switch to solar in Mullica Hill.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mullica Hill, the average cost of solar panels is 4 per watt.The average Mullica Hill homeowner needs a 4.6-kilowatt system, which would cost about $11,485 with the federal tax credit, or $16,424 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Mullica Hill find installing solar panels has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mullica Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-9,987 |
| 3 years | $-6,990 |
| 5 years | $-3,994 |
| 7 years | $-998 |
| 9 years | $1,999 |
| 11 years | $4,995 |
| 13 years | $7,992 |
| 15 years | $10,988 |
| 17 years | $13,984 |
| 19 years | $16,981 |
| 21 years | $19,977 |
| 23 years | $22,973 |
| 25 years | $25,970 |
Top Solar Installers in Mullica Hill
Trying to install solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations for providers near you:
See all of the solar companies in Mullica Hill
Factors that Affect Solar Panel Costs in Mullica Hill
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Mullica Hill: 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
When it comes to estimating the cost of a solar panel system in Mullica Hill, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,530 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Mullica Hill offer solar loans, which reduce your upfront costs of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $10,794 | 14.7 years |
| 8 kW | $3.60 | $20,163 | $14,787 | 14.4 years |
| 10 kW | $3.53 | $24,710 | $18,978 | 14.1 years |
| 12 kW | $3.46 | $29,059 | $23,366 | 13.9 years |
| 14 kW | $3.39 | $33,210 | $27,953 | 13.6 years |
| 16 kW | $3.32 | $37,164 | $32,737 | 13.3 years |
| 18 kW | $3.25 | $40,920 | $37,718 | 13.0 years |
| 20 kW | $3.18 | $44,478 | $42,898 | 12.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
EcoWatch's Mullica Hill, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Mullica Hill?
The average cost of solar panels in Mullica Hill is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a fruitful 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.
How long do solar panels last in Mullica Hill?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.