Solar Panel Cost Guide in Pilesgrove, NJ (2024 Update)
- Pilesgrove Solar Installation Cost: $11,411
- 25-Year Savings: $13,806
- Payback Period: 12.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Pilesgrove
Find out what the average cost of solar panel installation is in Pilesgrove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pilesgrove, the typical cost of a solar system is 4 per watt.Since a 4.6-kW system is needed to cover the energy needs of a typical home in Pilesgrove, the average price of going solar will be about $11,411 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Pilesgrove homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pilesgrove
| Year | Return on Investment |
|---|---|
| 1 years | $-9,913 |
| 3 years | $-6,917 |
| 5 years | $-3,920 |
| 7 years | $-924 |
| 9 years | $2,073 |
| 11 years | $5,069 |
| 13 years | $8,065 |
| 15 years | $11,062 |
| 17 years | $14,058 |
| 19 years | $17,054 |
| 21 years | $20,051 |
| 23 years | $23,047 |
| 25 years | $26,044 |
Top Solar Installers in Pilesgrove
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make swapping over to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Pilesgrove
Factors that Affect Solar Panel Costs in Pilesgrove
The cost of installing a solar system in Pilesgrove can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,530. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Pilesgrove average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Pilesgrove homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Pilesgrove is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,153 | 13.0 years |
| 8 kW | $3.60 | $20,163 | $19,266 | 12.8 years |
| 10 kW | $3.53 | $24,710 | $24,576 | 12.5 years |
| 12 kW | $3.46 | $29,059 | $30,085 | 12.3 years |
| 14 kW | $3.39 | $33,210 | $35,791 | 12.0 years |
| 16 kW | $3.32 | $37,164 | $41,694 | 11.8 years |
| 18 kW | $3.25 | $40,920 | $47,796 | 11.5 years |
| 20 kW | $3.18 | $44,478 | $54,095 | 11.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
Best National Provider
SunPower
- 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
- 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 Pilesgrove, NJ Solar Cost FAQs
How much does it cost to install solar panels in Pilesgrove?
The average cost of solar panels in Pilesgrove 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Pilesgrove?
A solar panel system isn’t free in Pilesgrove, but there are some options that can make getting them more feasible, 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 will installing solar panels impact how much my home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.