Solar Panel Cost Guide in Pompton Lakes, NJ (Oct 2022)

  • Pompton Lakes Solar Installation Cost: $9,249
  • 25-Year Savings: $8,089
  • Payback Period: 13.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Pompton Lakes

Let's have a look at the average cost of solar in Pompton Lakes.

While the national average of solar panels is $2.66 per watt, solar panels in Pompton Lakes generally cost around $3. To cover the typical energy usage of the average home in Pompton Lakes, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs around $9,249, or $6,844 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. Despite the significant initial cost, the average Pompton Lakes homeowner can save about $14,000 on their energy bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a top solar installer in Pompton Lakes that can help you get a more accurate cost estimate for your home.

Solar savings over time in Pompton Lakes

Year Return on Investment
1 years $-8,555
3 years $-7,168
5 years $-5,781
7 years $-4,394
9 years $-3,007
11 years $-1,620
13 years $-233
15 years $1,154
17 years $2,541
19 years $3,928
21 years $5,315
23 years $6,702
25 years $8,089

Top Solar Installers in Pompton Lakes

Although you can install solar panels by yourself, it takes extra effort and know-how. For that reason, most homeowners choose a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.

You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Pompton Lakes

Factors that Affect Solar Panel Costs in Pompton Lakes

There are many criteria that can affect your total 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

Size is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Pompton Lakes, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

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 Pompton Lakes homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make adopting solar energy more accessible for Pompton Lakes homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panels can impact the cost. Pompton Lakes' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Pompton Lakes have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 $9,688 13.9 years
8 kW $2.83 $15,822 $13,228 13.6 years
10 kW $2.77 $19,390 $16,923 13.3 years
12 kW $2.71 $22,803 $20,773 13.1 years
14 kW $2.66 $26,060 $24,778 12.8 years
16 kW $2.60 $29,163 $28,938 12.5 years
18 kW $2.55 $32,110 $33,254 12.3 years
20 kW $2.49 $34,902 $37,724 12.0 years

How to Save on Solar Panels

The company that does your solar system 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 a challenge, we have some tips to help you, such as:

  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Installation Process: When making the switch to solar power, it's essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Pompton Lakes, NJ Solar Cost FAQs

How much does it cost to install solar panels in Pompton Lakes?

This is a difficult question to answer precisely, because the cost depends on a few different 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

What other factors should I consider aside from cost when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Is it worth going solar in Pompton Lakes?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 account for 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.

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.

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