Solar Panel Cost Guide in Passaic, NJ (Oct 2022)

  • Passaic Solar Installation Cost: $9,249
  • 25-Year Savings: $8,601
  • Payback Period: 13.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Passaic

Let's take a look at the average cost of solar in Passaic.

Although the national average of solar panels is $2.66 per watt, solar panels in Passaic typically cost about $3. Using this figure, a typical 4.8 would cost about $9,249 before the 30% federal solar tax credit is applied.

How much you pay can go above or below the average in Passaic depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the high upfront cost, the average Passaic homeowner can save around $14,000 on their energy bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a highly rated solar company in your area for a customized estimate.

Solar savings over time in Passaic

Year Return on Investment
1 years $-8,535
3 years $-7,107
5 years $-5,679
7 years $-4,251
9 years $-2,823
11 years $-1,395
13 years $33
15 years $1,461
17 years $2,889
19 years $4,317
21 years $5,745
23 years $7,173
25 years $8,601

Top Solar Installers in Passaic

DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of an installer can make your switch to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for you.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Passaic

Factors that Affect Solar Panel Costs in Passaic

There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment Size

The size of the solar system you need for your home is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,770. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose 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 Passaic provide solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panels can play a role in determining the cost. Passaic's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Passaic 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 walking you through the whole process. 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 $10,332 13.5 years
8 kW $2.83 $15,822 $14,087 13.2 years
10 kW $2.77 $19,390 $17,996 13.0 years
12 kW $2.71 $22,803 $22,061 12.7 years
14 kW $2.66 $26,060 $26,280 12.4 years
16 kW $2.60 $29,163 $30,655 12.2 years
18 kW $2.55 $32,110 $35,185 11.9 years
20 kW $2.49 $34,902 $39,870 11.7 years

Solar Incentives in Passaic

Name Successor Solar Incentive (SuSI) Program
Website Visit here
More Info Click here

Name Solar Energy Sales Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Solar Renewable Energy Certificates (SRECs) Registration Program
Website Visit here
More Info Click here

Name PSE&G - Solar Loan Program
Website Visit here
More Info Click here

Name NJ Clean Energy- Residential New Construction Program
Website Visit here
More Info Click here

Name Home Performance with ENERGY STAR Program
Website Visit here
More Info Click here

Name Home Performance with ENERGY STAR Program
Website Visit here
More Info Click here

Name COOLAdvantage Program
Website Visit here
More Info Click here

Name NJ Clean Energy- WARMAdvantage Program (Electric and Gas)
Website Visit here
More Info Click here

Name New Jersey Renewable Energy Incentive Program (Sustainable Biopower)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:

  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
  • Contract: Review the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
  • Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
  • Warranty: If you care about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Passaic, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Passaic?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Passaic?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Is it worth going solar in Passaic?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much 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 get between 20 and 35 panels to account for 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.

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