Solar Panel Cost Guide in Sayreville, NJ (2023 Update)
- Sayreville Solar Installation Cost: $9,074
- 25-Year Savings: $7,665
- Payback Period: 13.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sayreville
Find out what the average cost of solar panels are in Sayreville.
In Sayreville, solar panels cost about 2.77 per watt on average. Using this figure, a typical 4.7-kW system would cost about $9,075 before the 30% federal solar tax credit is applied.
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 to get, your solar contractor and more. With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Sayreville find going solar has a decent ROI.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Sayreville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,015 |
| 3 years | $-5,897 |
| 5 years | $-3,778 |
| 7 years | $-1,660 |
| 9 years | $458 |
| 11 years | $2,577 |
| 13 years | $4,695 |
| 15 years | $6,813 |
| 17 years | $8,932 |
| 19 years | $11,050 |
| 21 years | $13,169 |
| 23 years | $15,287 |
| 25 years | $17,405 |
Top Solar Installers in Sayreville
Although you can install solar panels yourself, it takes extra energy and expertise. For that reason, the majority of homeowners choose to hire a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Sayreville, the EcoWatch team has put together 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 Sayreville
Factors that Affect Solar Panel Costs in Sayreville
The cost of installing a solar system in Sayreville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,770. The model of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, 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 researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make going solar more accessible for Sayreville homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Sayreville, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $9,361 | 14.1 years |
| 8 kW | $2.83 | $15,822 | $12,792 | 13.8 years |
| 10 kW | $2.77 | $19,390 | $16,378 | 13.6 years |
| 12 kW | $2.71 | $22,803 | $20,119 | 13.3 years |
| 14 kW | $2.66 | $26,060 | $24,015 | 13.0 years |
| 16 kW | $2.60 | $29,163 | $28,066 | 12.7 years |
| 18 kW | $2.55 | $32,110 | $32,272 | 12.5 years |
| 20 kW | $2.49 | $34,902 | $36,633 | 12.2 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: The type of solar panel you want to get plays a role in which company you should opt for, since different companies offer different panels.
- Contract: When reading through 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 such as a system part breaking or if the company goes out of business.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
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 Sayreville, NJ Solar Cost FAQs
How much does it cost to install solar panels in Sayreville?
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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Sayreville?
A solar panel system isn't free in Sayreville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Sayreville?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.