Solar Panel Cost Guide in Pemberton, NJ (2024 Update)
- Pemberton Solar Installation Cost: $11,389
- 25-Year Savings: $8,450
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Pemberton
Find out what the average cost of solar panels are in Pemberton.
Although the national average of solar panels is $2.66 per watt, solar panels in Pemberton generally cost about 4.The average solar panel system size in Pemberton is around 4.6 kilowatts, meaning a cost of about $11,389 for a solar installation, or $16,286 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.Despite the significant upfront cost, the average Pemberton homeowner can save about $14,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a highly rated solar company in Pemberton, you can click the button below.
Solar savings over time in Pemberton
Year | Return on Investment |
---|---|
1 years | $-10,164 |
3 years | $-7,712 |
5 years | $-5,261 |
7 years | $-2,810 |
9 years | $-358 |
11 years | $2,093 |
13 years | $4,544 |
15 years | $6,996 |
17 years | $9,447 |
19 years | $11,898 |
21 years | $14,350 |
23 years | $16,801 |
25 years | $19,252 |
Top Solar Installers in Pemberton
Trying to install solar panels yourself can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you're looking for a solar company in Pemberton, we've 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Pemberton
Factors that Affect Solar Panel Costs in Pemberton
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,530 per kilowatt in Pemberton.There are a lot of 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 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Pemberton, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Pemberton have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.67 | $15,419 | $7,215 | 17.0 years |
8 kW | $3.60 | $20,163 | $10,016 | 16.7 years |
10 kW | $3.53 | $24,710 | $13,014 | 16.4 years |
12 kW | $3.46 | $29,059 | $16,209 | 16.0 years |
14 kW | $3.39 | $33,210 | $19,603 | 15.7 years |
16 kW | $3.32 | $37,164 | $23,194 | 15.4 years |
18 kW | $3.25 | $40,920 | $26,983 | 15.1 years |
20 kW | $3.18 | $44,478 | $30,969 | 14.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has 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:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Pemberton, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Pemberton?
The average cost of solar panels in Pemberton is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Pemberton?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 bang for your buck from going solar.
Does Pemberton have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.