Solar Panel Cost Guide in Pine Hill, NJ (2023 Update)
- Pine Hill Solar Installation Cost: $9,036
- 25-Year Savings: $12,088
- Payback Period: 10.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pine Hill
We go over average solar pricing in Pine Hill.
In Pine Hill, solar panels cost about 2.77 per watt on average. Because a 4.7-kW system is needed to cover the energy costs of a typical home in Pine Hill, the average price of going solar will be about $9,036 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want, your solar contractor and more. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Pine Hill find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Pine Hill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pine Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-8,191 |
| 3 years | $-6,501 |
| 5 years | $-4,811 |
| 7 years | $-3,121 |
| 9 years | $-1,431 |
| 11 years | $259 |
| 13 years | $1,949 |
| 15 years | $3,639 |
| 17 years | $5,329 |
| 19 years | $7,019 |
| 21 years | $8,708 |
| 23 years | $10,398 |
| 25 years | $12,088 |
Top Solar Installers in Pine Hill
Many homeowners decide to use a solar installation company since installing solar panels by yourself can be time-consuming. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pine Hill
Factors that Affect Solar Panel Costs in Pine Hill
There are a number of factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
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 Pine Hill homeowners choose to finance their solar panel systems to make paying for solar more affordable. 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 back the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Pine Hill, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 offers 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 | $2.88 | $12,099 | $15,109 | 11.1 years |
| 8 kW | $2.83 | $15,822 | $20,455 | 10.9 years |
| 10 kW | $2.77 | $19,390 | $25,957 | 10.7 years |
| 12 kW | $2.71 | $22,803 | $31,613 | 10.5 years |
| 14 kW | $2.66 | $26,060 | $37,425 | 10.3 years |
| 16 kW | $2.60 | $29,163 | $43,392 | 10.0 years |
| 18 kW | $2.55 | $32,110 | $49,514 | 9.8 years |
| 20 kW | $2.49 | $34,902 | $55,792 | 9.6 years |
How to Save on Solar Panels
There are many companies to choose from in Pine Hill, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind 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 ask for their list of offerings before making your decision.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Pine Hill, NJ Solar Cost FAQs
How much does it cost to install solar panels in Pine Hill?
The average cost of solar panels in Pine Hill 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Pine Hill?
Solar panels aren't free in Pine Hill, 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 further reduce the cost.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pine Hill is currently $163,430, so you can look forward to a value of about $6,701 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Pine Hill is a fruitful investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.