Solar Panel Cost Guide in Pemberton, NJ (Mar 2023)
- Pemberton Solar Installation Cost: $8,939
- 25-Year Savings: $8,449
- Payback Period: 12.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pemberton
We go over average solar pricing in Pemberton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pemberton, the average cost of solar panels is 2.77 per watt. The average Pemberton homeowner needs a 4.6-kilowatt system, which would cost about $8,939 with the federal tax credit, or $12,783 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Pemberton can save about $14,000 on their power bills over 20 years.
To receive a free quote from a highly rated solar installation company in Pemberton, you can click the button below.
Solar savings over time in Pemberton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,243 |
| 3 years | $-6,852 |
| 5 years | $-5,461 |
| 7 years | $-4,070 |
| 9 years | $-2,679 |
| 11 years | $-1,288 |
| 13 years | $103 |
| 15 years | $1,494 |
| 17 years | $2,885 |
| 19 years | $4,276 |
| 21 years | $5,667 |
| 23 years | $7,058 |
| 25 years | $8,449 |
Top Solar Installers in Pemberton
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Pemberton, the EcoWatch team has organized 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 Technology
Tesla Energy
- 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 Pemberton
Factors that Affect Solar Panel Costs in Pemberton
While the average cost of a solar system in Pemberton is $8,939, 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 important things to consider.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,770. The model of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Pemberton provide solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make going solar more accessible for Pemberton homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Pemberton, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $10,535 | 13.4 years |
| 8 kW | $2.83 | $15,822 | $14,357 | 13.1 years |
| 10 kW | $2.77 | $19,390 | $18,334 | 12.9 years |
| 12 kW | $2.71 | $22,803 | $22,466 | 12.6 years |
| 14 kW | $2.66 | $26,060 | $26,753 | 12.3 years |
| 16 kW | $2.60 | $29,163 | $31,195 | 12.1 years |
| 18 kW | $2.55 | $32,110 | $35,793 | 11.8 years |
| 20 kW | $2.49 | $34,902 | $40,545 | 11.6 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Pemberton, NJ Solar Cost FAQs
How much does it cost to install solar panels in Pemberton?
The average cost of solar panels in Pemberton 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Pemberton?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity 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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.
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.