Solar Panel Cost Guide in Pennsauken, NJ (Nov 2022)

  • Pennsauken Solar Installation Cost: $9,036
  • 25-Year Savings: $8,815
  • Payback Period: 12.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Pennsauken

Find out what the average cost of solar panel installation is in Pennsauken.

Although the national average of solar panels is $2.66 per watt, solar panels in Pennsauken typically cost about $3. The average solar panel system size in Pennsauken is around 4.7 kilowatts, meaning a cost of about $9,036 for a solar installation, or $6,687 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $15,000 in savings on electricity bills over 20 years.

For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Pennsauken

Year Return on Investment
1 years $-8,322
3 years $-6,894
5 years $-5,466
7 years $-4,038
9 years $-2,610
11 years $-1,182
13 years $247
15 years $1,675
17 years $3,103
19 years $4,531
21 years $5,959
23 years $7,387
25 years $8,815

Top Solar Installers in Pennsauken

Many homeowners decide to use a solar installer since figuring out how to install solar panels on your own can be hard. Plus, if you're not certain what type of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.

If you're on the hunt for a solar company in Pennsauken, the EcoWatch team has organized a list of our top suggestions here:

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

Tesla Energy

★★★★★
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 Pennsauken

Factors that Affect Solar Panel Costs in Pennsauken

There are several factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,770 per kilowatt in Pennsauken. The type of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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 into a solar system that's in your budget.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Pennsauken, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. While solar loans make adopting solar energy more accessible for Pennsauken homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Pennsauken is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also fits within your budget.

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 $10,892 13.2 years
8 kW $2.83 $15,822 $14,833 12.9 years
10 kW $2.77 $19,390 $18,929 12.7 years
12 kW $2.71 $22,803 $23,181 12.4 years
14 kW $2.66 $26,060 $27,587 12.1 years
16 kW $2.60 $29,163 $32,148 11.9 years
18 kW $2.55 $32,110 $36,865 11.6 years
20 kW $2.49 $34,902 $41,737 11.4 years

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:

  • Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
  • 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 expectations you should have about the cost.
  • Installation Process: Make sure you're on the same page 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.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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

Tesla Energy

★★★★★
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 Pennsauken, NJ Solar Cost FAQs

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

The average cost of solar panels in Pennsauken is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Pennsauken?

You can't get solar panels for free in Pennsauken. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Can you sell solar power back to the grid in Pennsauken?

The majority of 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 should I get to power my home?

To figure out how many solar panels 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 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.

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