Solar Panel Cost Guide in Panther Valley, NJ (2025 Update)
- Panther Valley Solar Installation Cost: $11,855
- 25-Year Savings: $6,881
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Panther Valley
We go over average solar pricing in Panther Valley.
The national average cost of solar panels is $2.66 per watt, but in Panther Valley it’s 4 per watt.The average Panther Valley homeowner needs a 4.8-kilowatt system, which would cost about $11,855 with the federal tax credit, or $16,953 before the 0 tax credit is applied.
How much you pay can go above or below the average in Panther Valley depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Panther Valley can save about $13,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Panther Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,796 |
| 3 years | $-8,678 |
| 5 years | $-6,559 |
| 7 years | $-4,441 |
| 9 years | $-2,323 |
| 11 years | $-204 |
| 13 years | $1,914 |
| 15 years | $4,033 |
| 17 years | $6,151 |
| 19 years | $8,269 |
| 21 years | $10,388 |
| 23 years | $12,506 |
| 25 years | $14,625 |
Top Solar Installers in Panther Valley
When making the switch to solar, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're looking for a solar company in Panther Valley, we've compiled a list of our top suggestions here:
See all of the solar companies in Panther Valley
Factors that Affect Solar Panel Costs in Panther Valley
For many Panther Valley homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Panther Valley, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Panther Valley average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Panther Valley, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $4,820 | 19.0 years |
| 8 kW | $3.60 | $20,163 | $6,822 | 18.7 years |
| 10 kW | $3.53 | $24,710 | $9,022 | 18.3 years |
| 12 kW | $3.46 | $29,059 | $11,419 | 17.9 years |
| 14 kW | $3.39 | $33,210 | $14,014 | 17.6 years |
| 16 kW | $3.32 | $37,164 | $16,807 | 17.2 years |
| 18 kW | $3.25 | $40,920 | $19,797 | 16.8 years |
| 20 kW | $3.18 | $44,478 | $22,985 | 16.5 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- 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 installer, such as what permits you should secure and how long the project will take.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
EcoWatch's Panther Valley, NJ Solar Cost FAQs
How much does it cost to install solar panels in Panther Valley?
The average cost of solar panels in Panther Valley is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Panther Valley?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.