Solar Panel Cost Guide in Singac, NJ (Nov 2022)

  • Singac Solar Installation Cost: $9,249
  • 25-Year Savings: $8,601
  • Payback Period: 13.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Singac

Let's have a look at the average cost of solar panels in Singac.

The average cost of a solar system in Singac is $3 per watt. Using this figure, a typical 4.8 would cost about $9,249 before the 30% federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar panels you want, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.

Click the button below to get connected to a highly rated solar company in your area for a custom quote.

Solar savings over time in Singac

Year Return on Investment
1 years $-8,535
3 years $-7,107
5 years $-5,679
7 years $-4,251
9 years $-2,823
11 years $-1,395
13 years $33
15 years $1,461
17 years $2,889
19 years $4,317
21 years $5,745
23 years $7,173
25 years $8,601

Top Solar Installers in Singac

Many homeowners choose to use a solar panel installer since trying to install solar panels yourself can be a lot of work. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.

Working with a professional solar company can make going solar easier. Here are our recommendations:

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 Singac

Factors that Affect Solar Panel Costs in Singac

For many Singac homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Singac, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the system you need is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Singac to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

The solar company you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Singac, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $10,332 13.5 years
8 kW $2.83 $15,822 $14,087 13.2 years
10 kW $2.77 $19,390 $17,996 13.0 years
12 kW $2.71 $22,803 $22,061 12.7 years
14 kW $2.66 $26,060 $26,280 12.4 years
16 kW $2.60 $29,163 $30,655 12.2 years
18 kW $2.55 $32,110 $35,185 11.9 years
20 kW $2.49 $34,902 $39,870 11.7 years

How to Save on Solar Panels

There are a large number of companies available in Singac, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Warranty: If you're concerned about the longevity of your solar panels, checking your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Solar Panel Brands: The model of solar panel you'd like to install plays a role in which company you should choose, since different companies have access to different panels.
  • Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
  • Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.

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 Singac, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Singac?

The average cost of solar panels in Singac is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Singac?

A solar panel system isn't free in Singac, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase the value of your home?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Singac is currently $367,400, so you can look forward to a value of about $15,063 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Singac is a worthwhile investment.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.

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