Solar Panel Cost Guide in North Bergen, NJ (2024 Update)
- North Bergen Solar Installation Cost: $11,370
- 25-Year Savings: $8,928
- Payback Period: 15.9 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in North Bergen
Let’s have a look at the average cost of solar panels in North Bergen.
The average cost of solar panels in North Bergen is 4 per watt.The average solar panel system size in North Bergen is around 4.6 kilowatts, meaning a cost of about $11,370 for a solar installation, or $16,259 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may look different based on the amount of energy your home requires and what company you choose to go with.With average savings of about $15,000 on utility bills over 20 years, many homeowners in North Bergen find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar panel company in North Bergen for a personalized estimate.
Solar savings over time in North Bergen
Year | Return on Investment |
---|---|
1 years | $-9,948 |
3 years | $-7,103 |
5 years | $-4,258 |
7 years | $-1,414 |
9 years | $1,431 |
11 years | $4,276 |
13 years | $7,120 |
15 years | $9,965 |
17 years | $12,810 |
19 years | $15,655 |
21 years | $18,499 |
23 years | $21,344 |
25 years | $24,189 |
Top Solar Installers in North Bergen
Trying to install solar panels on your own can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money over time.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in North Bergen
Factors that Affect Solar Panel Costs in North Bergen
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in North Bergen: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,530. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like North Bergen, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in North Bergen, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in North Bergen are more knowledgeable about local solar incentives and can help you take advantage 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 | $3.67 | $15,419 | $7,856 | 16.6 years |
8 kW | $3.60 | $20,163 | $10,871 | 16.2 years |
10 kW | $3.53 | $24,710 | $14,082 | 15.9 years |
12 kW | $3.46 | $29,059 | $17,492 | 15.6 years |
14 kW | $3.39 | $33,210 | $21,099 | 15.3 years |
16 kW | $3.32 | $37,164 | $24,904 | 15.0 years |
18 kW | $3.25 | $40,920 | $28,906 | 14.7 years |
20 kW | $3.18 | $44,478 | $33,107 | 14.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's North Bergen, NJ Solar Cost FAQs
How much does it cost to install solar panels in North Bergen?
The average cost of solar panels in North Bergen is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in North Bergen?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 how much sunlight your roof gets. You can take a 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 install 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.