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

  • Paulsboro Solar Installation Cost: $9,016
  • 25-Year Savings: $11,289
  • Payback Period: 11.1 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 Paulsboro

Find out how much it might cost to go solar in Paulsboro.

The national average cost of solar panels is $2.66 per watt, but in Paulsboro it's $3 per watt. The average solar panel system size in Paulsboro is around 4.7 kilowatts, meaning a cost of about $9,016 for a solar installation, or $6,672 after the 30% federal solar tax credit is applied.

The true price you pay can go higher or lower than the average in Paulsboro based on a few factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Paulsboro can save about $17,000 on their energy bills over 20 years.

To see your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Paulsboro

Year Return on Investment
1 years $-8,204
3 years $-6,580
5 years $-4,955
7 years $-3,331
9 years $-1,706
11 years $-82
13 years $1,543
15 years $3,167
17 years $4,791
19 years $6,416
21 years $8,040
23 years $9,665
25 years $11,289

Top Solar Installers in Paulsboro

When going solar, many homeowners decide to go with a solar company since overseeing your solar installation yourself can be a difficult project. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.

There are a number of 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 Paulsboro

Factors that Affect Solar Panel Costs in Paulsboro

For many Paulsboro homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Paulsboro, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in Paulsboro. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Paulsboro homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Paulsboro, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

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 $14,113 11.5 years
8 kW $2.83 $15,822 $19,128 11.3 years
10 kW $2.77 $19,390 $24,298 11.1 years
12 kW $2.71 $22,803 $29,623 10.9 years
14 kW $2.66 $26,060 $35,103 10.7 years
16 kW $2.60 $29,163 $40,738 10.4 years
18 kW $2.55 $32,110 $46,528 10.2 years
20 kW $2.49 $34,902 $52,474 10.0 years

Solar Incentives in Paulsboro

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

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
  • Solar Panel Brands: The model of solar panel you need to get plays a role in which company you should go with, since different companies offer different panels.
  • Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.

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 Paulsboro, NJ Solar Cost FAQs

How much does it cost to install solar panels in Paulsboro?

The average cost of solar panels in Paulsboro is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Paulsboro?

Solar panels aren't free in Paulsboro, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

How much can I save on electricity bills after installing solar panels?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Paulsboro, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Paulsboro?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.

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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