Solar Panel Cost Guide in Ocean Acres, NJ (2025 Update)
- Ocean Acres Solar Installation Cost: $10,964
- 25-Year Savings: $10,868
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Ocean Acres
We go over average solar pricing in Ocean Acres.
The national average cost of solar panels is $2.66 per watt, but in Ocean Acres it’s 4 per watt.The average Ocean Acres homeowner needs a 4.4-kilowatt system, which would cost about $10,964 with the federal tax credit, or $15,679 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Ocean Acres based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Ocean Acres find investing in solar can pay off big.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Ocean Acres
| Year | Return on Investment |
|---|---|
| 1 years | $-9,466 |
| 3 years | $-6,470 |
| 5 years | $-3,474 |
| 7 years | $-477 |
| 9 years | $2,519 |
| 11 years | $5,516 |
| 13 years | $8,512 |
| 15 years | $11,508 |
| 17 years | $14,505 |
| 19 years | $17,501 |
| 21 years | $20,498 |
| 23 years | $23,494 |
| 25 years | $26,490 |
Top Solar Installers in Ocean Acres
Installing solar panels yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you're on the hunt for a solar company in Ocean Acres, the EcoWatch team has put together a list of our top suggestions here:
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 Ocean Acres
Factors that Affect Solar Panel Costs in Ocean Acres
While the average cost of a solar system in Ocean Acres is $10,964, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Ocean Acres offer solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $10,911 | 14.6 years |
| 8 kW | $3.60 | $20,163 | $14,943 | 14.4 years |
| 10 kW | $3.53 | $24,710 | $19,173 | 14.1 years |
| 12 kW | $3.46 | $29,059 | $23,601 | 13.8 years |
| 14 kW | $3.39 | $33,210 | $28,226 | 13.5 years |
| 16 kW | $3.32 | $37,164 | $33,049 | 13.2 years |
| 18 kW | $3.25 | $40,920 | $38,070 | 13.0 years |
| 20 kW | $3.18 | $44,478 | $43,288 | 12.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should opt for, since different companies provide different panels.
- Warranty: If you’re concerned about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Ocean Acres, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Ocean Acres?
The average cost of solar panels in Ocean Acres 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Ocean Acres?
Leasing solar panels can be an appealing choice, because it usually 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Ocean Acres, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Ocean Acres?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.