Solar Panel Cost Guide in North Haledon, NJ (Mar 2023)
- North Haledon Solar Installation Cost: $9,249
- 25-Year Savings: $8,756
- Payback Period: 12.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Haledon
Find out what the average cost of solar panel installation is in North Haledon.
The average cost of a solar panel system in North Haledon is 2.77 per watt. The average solar panel system size in North Haledon is around 4.8 kilowatts, meaning a cost of about $9,249 for a solar installation, or $13,226 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar installer in North Haledon that can help you get a more accurate cost estimate for your home.
Solar savings over time in North Haledon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,529 |
| 3 years | $-7,088 |
| 5 years | $-5,648 |
| 7 years | $-4,208 |
| 9 years | $-2,767 |
| 11 years | $-1,327 |
| 13 years | $113 |
| 15 years | $1,554 |
| 17 years | $2,994 |
| 19 years | $4,435 |
| 21 years | $5,875 |
| 23 years | $7,315 |
| 25 years | $8,756 |
Top Solar Installers in North Haledon
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make your swap to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in North Haledon
Factors that Affect Solar Panel Costs in North Haledon
There are a number of factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater 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 panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid option 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. However, the interest on solar loans also increases your overall costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in North Haledon are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $10,526 | 13.4 years |
| 8 kW | $2.83 | $15,822 | $14,345 | 13.1 years |
| 10 kW | $2.77 | $19,390 | $18,319 | 12.9 years |
| 12 kW | $2.71 | $22,803 | $22,449 | 12.6 years |
| 14 kW | $2.66 | $26,060 | $26,733 | 12.3 years |
| 16 kW | $2.60 | $29,163 | $31,172 | 12.1 years |
| 18 kW | $2.55 | $32,110 | $35,767 | 11.8 years |
| 20 kW | $2.49 | $34,902 | $40,517 | 11.6 years |
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 picking a company can be a challenge, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should choose, since different companies have access to different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's North Haledon, NJ Solar Cost FAQs
What is the average cost of installing solar panels in North Haledon?
The average cost of solar panels in North Haledon is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in North Haledon?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in North Haledon, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.