Solar Panel Cost Guide in Point Pleasant Beach, NJ (2025 Update)
- Point Pleasant Beach Solar Installation Cost: $10,964
- 25-Year Savings: $7,580
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Point Pleasant Beach
See how much it might cost to go solar in Point Pleasant Beach.
The national average cost of solar panels is $2.66 per watt, but in Point Pleasant Beach it’s 4 per watt.Because a 4.4-kW system is needed to cover the energy costs of a typical home in Point Pleasant Beach, the average price of going solar will be about $10,964 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you may differ based on factors unique to your home and what company you choose to go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
To receive a free quote from a pre-vetted solar installer in Point Pleasant Beach, you can click the button below.
Solar savings over time in Point Pleasant Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-9,905 |
| 3 years | $-7,787 |
| 5 years | $-5,668 |
| 7 years | $-3,550 |
| 9 years | $-1,432 |
| 11 years | $687 |
| 13 years | $2,805 |
| 15 years | $4,923 |
| 17 years | $7,042 |
| 19 years | $9,160 |
| 21 years | $11,279 |
| 23 years | $13,397 |
| 25 years | $15,515 |
Top Solar Installers in Point Pleasant Beach
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be a labor-intensive endeavor. The payback period on a solar system will vary based on factors like your roof configuration and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar installer in Point Pleasant Beach, we've organized a list of our top suggestions here:
See all of the solar companies in Point Pleasant Beach
Factors that Affect Solar Panel Costs in Point Pleasant Beach
The cost of installing a solar system in Point Pleasant Beach can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Point Pleasant Beach, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $3,530 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install 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
Most solar installers in Point Pleasant Beach have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Point Pleasant Beach, and each can charge varying amounts for labor and equipment.Additionally, some companies in Point Pleasant Beach are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.67 | $15,419 | $6,464 | 17.6 years |
| 8 kW | $3.60 | $20,163 | $9,014 | 17.3 years |
| 10 kW | $3.53 | $24,710 | $11,762 | 16.9 years |
| 12 kW | $3.46 | $29,059 | $14,708 | 16.6 years |
| 14 kW | $3.39 | $33,210 | $17,851 | 16.3 years |
| 16 kW | $3.32 | $37,164 | $21,192 | 15.9 years |
| 18 kW | $3.25 | $40,920 | $24,730 | 15.6 years |
| 20 kW | $3.18 | $44,478 | $28,466 | 15.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Point Pleasant Beach, NJ Solar Cost FAQs
How much does it cost to install solar panels in Point Pleasant Beach?
The average cost of solar panels in Point Pleasant Beach 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 like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Point Pleasant Beach?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $729.44 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.