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Top Solar Installers in Palisades Park
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be a lot of work. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your family.
If you're searching for a solar installer in Palisades Park, we've organized a list of our top suggestions here:
See all of the solar companies in Palisades Park
Factors that Affect Solar Panel Costs in Palisades Park
The cost of installing a solar system in Palisades Park can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment Size
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size. Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get 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 companies in Palisades Park have solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar system can impact how much you pay. Palisades Park's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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||$12,791||$10,165||13.9 years|
|8 kW||$2.83||$16,726||$13,881||13.7 years|
|10 kW||$2.77||$20,498||$17,762||13.4 years|
|12 kW||$2.71||$24,106||$21,806||13.1 years|
|14 kW||$2.66||$27,549||$26,014||12.9 years|
|16 kW||$2.60||$30,829||$30,386||12.6 years|
|18 kW||$2.55||$33,945||$34,923||12.3 years|
|20 kW||$2.49||$36,896||$39,623||12.1 years|
Solar Incentives in Palisades Park
|Name||NJ Clean Energy- Residential New Construction Program|
|Incentive Amount|| Incentives depend on the HERS score and the classification |
Single family homes: Ranges from $1,125 to - 24,250
Multi-single homes: Ranges from $1,125 to $18,188
Multifamily homes: Ranges from $625-$12,125
|Incentive Max|| Multifamily: up to $12,125 |
Individual homes: up to $24,250
|More Info||Click here|
|Name||Property Tax Exemption for Renewable Energy Systems|
|Incentive Amount||100% of value added by renewable system|
|More Info||Click here|
|Name||Successor Solar Incentive (SuSI) Program|
|Incentive Amount|| Net-Metered Residential: $90/SREC-II |
Small Net-Metered Non-Residential located on Rooftop, Carport, Canopy and Floating Solar
Projects smaller than 1 MW (dc): $100/SREC-II, $120 for public entities
Projects 1 MW to 5 MW (dc): $90/SREC-II, $110 for public entities
Net Metered Non-Residential Ground Mount
Projects smaller than 1 MW (dc): $85/SREC-II, $105 for public entities
Projects 1 MW to 5 MW (dc): $80/SREC-II, $100 for public entities
Community Solar LMI: $90/SREC-II
Community Solar Non-LMI: $70/SREC-II
|Incentive Max|| MW-DC Capacity Blocks |
Net Metered Residential: 150 MW
Net Metered Non-Residential: 150 MW
Community Solar (LMI and Non-LMI): 150 MW
|More Info||Click here|
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose have 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:
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
EcoWatch's Palisades Park, 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.