Solar Panel Cost Guide in Sayreville, NJ (2023 Update)
- Sayreville Solar Installation Cost: $9,075
- 25-Year Savings: $7,665
- Payback Period: 13.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sayreville
We break down average solar pricing 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.
These figures are just averages, and how much solar costs for you will most likely differ based on your energy needs and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Sayreville see about $14,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Sayreville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sayreville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,405 |
| 3 years | $-7,066 |
| 5 years | $-5,727 |
| 7 years | $-4,388 |
| 9 years | $-3,048 |
| 11 years | $-1,709 |
| 13 years | $-370 |
| 15 years | $969 |
| 17 years | $2,308 |
| 19 years | $3,647 |
| 21 years | $4,986 |
| 23 years | $6,326 |
| 25 years | $7,665 |
Top Solar Installers in Sayreville
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make switching to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want 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
Many homeowners find the average cost of solar in Sayreville to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. Although solar loans make switching to solar energy 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Sayreville, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $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
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. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should choose, since different companies provide different panels.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: If you're concerned about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
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 hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Sayreville?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Sayreville?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.