Solar Panel Cost Guide in Phillipsburg, NJ (2024 Update)
- Phillipsburg Solar Installation Cost: $11,855
- 25-Year Savings: $6,881
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Phillipsburg
See how much it might cost to go solar in Phillipsburg.
Although the national average of solar panels is $2.66 per watt, solar panels in Phillipsburg generally cost around 4.To cover the typical energy usage of the average home in Phillipsburg, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs about $11,855, or $16,953 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Phillipsburg homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Phillipsburg can save about $13,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized estimate.
Solar savings over time in Phillipsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,796 |
| 3 years | $-8,678 |
| 5 years | $-6,559 |
| 7 years | $-4,441 |
| 9 years | $-2,323 |
| 11 years | $-204 |
| 13 years | $1,914 |
| 15 years | $4,033 |
| 17 years | $6,151 |
| 19 years | $8,269 |
| 21 years | $10,388 |
| 23 years | $12,506 |
| 25 years | $14,625 |
Top Solar Installers in Phillipsburg
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make your switch to solar power much easier. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your family.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Phillipsburg
Factors that Affect Solar Panel Costs in Phillipsburg
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Phillipsburg: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 pay about $3,530 per kilowatt in Phillipsburg.There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency 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
Many homeowners find the average cost of solar in Phillipsburg to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.It’s wise to factor 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 off the loan.
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 Phillipsburg is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services at different price points.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fit into 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 | $3.67 | $15,419 | $4,820 | 19.0 years |
| 8 kW | $3.60 | $20,163 | $6,822 | 18.7 years |
| 10 kW | $3.53 | $24,710 | $9,022 | 18.3 years |
| 12 kW | $3.46 | $29,059 | $11,419 | 17.9 years |
| 14 kW | $3.39 | $33,210 | $14,014 | 17.6 years |
| 16 kW | $3.32 | $37,164 | $16,807 | 17.2 years |
| 18 kW | $3.25 | $40,920 | $19,797 | 16.8 years |
| 20 kW | $3.18 | $44,478 | $22,985 | 16.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Phillipsburg, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
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 Phillipsburg, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Phillipsburg?
The average cost of solar panels in Phillipsburg is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Phillipsburg?
You can’t get solar panels for free in Phillipsburg. 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.
Does Phillipsburg have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated 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 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.