Solar Panel Cost Guide in Readington, NJ (Feb 2023)
- Readington Solar Installation Cost: $9,230
- 25-Year Savings: $7,371
- Payback Period: 13.9 Years
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Top Solar Installers in Readington
Many homeowners choose to use a solar panel installer since installing solar panels yourself can be a lot of work. Plus, if you'd like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you're looking for a solar installer in Readington, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Readington
Factors that Affect Solar Panel Costs in Readington
Although the average cost of a solar system in Readington is $9,230, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. The kind of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Readington to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can affect the cost. Readington's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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||$8,845||14.4 years|
|8 kW||$2.83||$15,822||$12,103||14.2 years|
|10 kW||$2.77||$19,390||$15,516||13.9 years|
|12 kW||$2.71||$22,803||$19,085||13.6 years|
|14 kW||$2.66||$26,060||$22,809||13.3 years|
|16 kW||$2.60||$29,163||$26,688||13.1 years|
|18 kW||$2.55||$32,110||$30,722||12.8 years|
|20 kW||$2.49||$34,902||$34,911||12.5 years|
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Warranty: If you're worried about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Readington, NJ Solar Cost FAQs
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.