Why you can trust EcoWatch
Top Solar Installers in New Providence
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make converting to solar power much easier. The expertise that solar installers offer can be useful as well, especially if you aren't sure what kind of solar equipment would be right for your home.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in New Providence
Factors that Affect Solar Panel Costs in New Providence
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in New Providence: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment Size
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size. Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the New Providence average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in New Providence, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. Although solar loans make adopting solar energy more accessible for New Providence homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in New Providence know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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||$9,785||13.8 years|
|8 kW||$2.83||$15,822||$13,357||13.6 years|
|10 kW||$2.77||$19,390||$17,084||13.3 years|
|12 kW||$2.71||$22,803||$20,967||13.0 years|
|14 kW||$2.66||$26,060||$25,004||12.8 years|
|16 kW||$2.60||$29,163||$29,196||12.5 years|
|18 kW||$2.55||$32,110||$33,544||12.2 years|
|20 kW||$2.49||$34,902||$38,047||12.0 years|
Solar Incentives in New Providence
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which installer you should choose, since different companies have access to different panels.
EcoWatch's New Providence, 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.