Solar Panel Cost Guide in North Haledon, NJ (2023 Update)
- North Haledon Solar Installation Cost: $9,258
- 25-Year Savings: $8,747
- Payback Period: 12.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Haledon
Find out how much it might cost to switch to solar power in North Haledon.
The average cost of a solar panel system in North Haledon is 2.77 per watt. The average North Haledon homeowner needs a 4.8-kilowatt system, which would cost about $9,249 with the federal tax credit, or $13,226 before the 30% tax credit is applied.
The actual price you pay can go higher or lower than the average in North Haledon based on several factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the high initial cost, the average North Haledon homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in North Haledon
| Year | Return on Investment |
|---|---|
| 1 years | $-9,198 |
| 3 years | $-9,078 |
| 5 years | $-8,958 |
| 7 years | $-8,838 |
| 9 years | $-8,718 |
| 11 years | $-8,598 |
| 13 years | $-8,478 |
| 15 years | $-8,358 |
| 17 years | $-8,238 |
| 19 years | $-8,118 |
| 21 years | $-7,998 |
| 23 years | $-7,877 |
| 25 years | $-7,757 |
Top Solar Installers in North Haledon
When making the switch to solar, many homeowners decide to use a solar installer since handling can be a challenging project. The expertise that solar installers offer can be helpful as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
Working with a professional solar company 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
See all of the solar companies in North Haledon
Factors that Affect Solar Panel Costs in North Haledon
The cost of installing a solar system in North Haledon can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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 bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the North Haledon average.
Solar Financing Terms
Many homeowners find the average cost of solar in North Haledon to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on 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 go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in North Haledon, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $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 you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 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 actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in North Haledon?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 buy 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.