Solar Panel Cost Guide in Pohatcong, NJ (2023 Update)
- Pohatcong Solar Installation Cost: $9,303
- 25-Year Savings: $7,789
- Payback Period: 13.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pohatcong
Let's have a look at the average cost of solar panels in Pohatcong.
Although the national average of solar panels is $2.66 per watt, solar panels in Pohatcong generally cost around 2.77. To account for the typical energy usage of the average home in Pohatcong, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,307, or $13,309 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you may look different based on your energy needs and what company you choose to go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on power bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pohatcong
| Year | Return on Investment |
|---|---|
| 1 years | $-9,246 |
| 3 years | $-9,132 |
| 5 years | $-9,018 |
| 7 years | $-8,904 |
| 9 years | $-8,790 |
| 11 years | $-8,676 |
| 13 years | $-8,562 |
| 15 years | $-8,448 |
| 17 years | $-8,334 |
| 19 years | $-8,220 |
| 21 years | $-8,107 |
| 23 years | $-7,993 |
| 25 years | $-7,879 |
Top Solar Installers in Pohatcong
When going solar, many homeowners prefer to go with a solar installation company since installing solar panels yourself can be a difficult project. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in Pohatcong, the EcoWatch team has compiled 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
See all of the solar companies in Pohatcong
Factors that Affect Solar Panel Costs in Pohatcong
The cost of installing a solar system in Pohatcong can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Pohatcong, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Pohatcong to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Pohatcong 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 provide a range of services for different budgets. Additionally, some companies in Pohatcong have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $2.88 | $12,099 | $9,275 | 14.2 years |
| 8 kW | $2.83 | $15,822 | $12,677 | 13.9 years |
| 10 kW | $2.77 | $19,390 | $16,234 | 13.6 years |
| 12 kW | $2.71 | $22,803 | $19,946 | 13.3 years |
| 14 kW | $2.66 | $26,060 | $23,814 | 13.1 years |
| 16 kW | $2.60 | $29,163 | $27,836 | 12.8 years |
| 18 kW | $2.55 | $32,110 | $32,013 | 12.5 years |
| 20 kW | $2.49 | $34,902 | $36,346 | 12.2 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Pohatcong, 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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Pohatcong, NJ Solar Cost FAQs
How much does it cost to install solar panels in Pohatcong?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Pohatcong?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Pohatcong?
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 amount 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.