Solar Panel Cost Guide in Secaucus, NJ (2024 Update)

  • Secaucus Solar Installation Cost: $11,370
  • 25-Year Savings: $24,189
  • Payback Period: 15.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Secaucus

Let’s take a look at the average cost of solar in Secaucus.

The national average cost of solar panels is $2.66 per watt, but in Secaucus it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,370 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Secaucus homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $15,000 on utility bills over 20 years, many homeowners in Secaucus find installing solar panels has a decent ROI.

To see your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Secaucus

YearReturn on Investment
1 years$-9,948
3 years$-7,103
5 years$-4,258
7 years$-1,414
9 years$1,431
11 years$4,276
13 years$7,120
15 years$9,965
17 years$12,810
19 years$15,655
21 years$18,499
23 years$21,344
25 years$24,189

Top Solar Installers in Secaucus

Trying to put up solar panels yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.

If you're on the hunt for a solar installer in Secaucus, we've organized a list of our top suggestions here:

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 for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Secaucus

Factors that Affect Solar Panel Costs in Secaucus

For many Secaucus homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Secaucus, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Secaucus, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,530 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Secaucus, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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

If paying for solar panels in cash is out of reach, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.

Solar Panel Installation Company

A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Secaucus is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different price points.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.67$15,419$7,85616.6 years
8 kW$3.60$20,163$10,87116.2 years
10 kW$3.53$24,710$14,08215.9 years
12 kW$3.46$29,059$17,49215.6 years
14 kW$3.39$33,210$21,09915.3 years
16 kW$3.32$37,164$24,90415.0 years
18 kW$3.25$40,920$28,90614.7 years
20 kW$3.18$44,478$33,10714.3 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
  • Warranty: If you’re concerned about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.

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 for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Secaucus, NJ Solar Cost FAQs

How much does it cost to install solar panels in Secaucus?

The average cost of solar panels in Secaucus 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Secaucus?

Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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.

Do solar panels increase your home value?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How often do you have to replace solar panels?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.

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.