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

  • Somerdale Solar Installation Cost: $11,511
  • 25-Year Savings: $11,273
  • Payback Period: 14.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Somerdale

We go over average solar pricing in Somerdale.

While the national average of solar panels is $2.66 per watt, solar panels in Somerdale generally cost around 4.Using this figure, a typical 4.7-kW system would cost about $11,511 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what installation company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.

To receive a free estimate from a vetted solar installation company in Somerdale, you can click the button below.

Solar savings over time in Somerdale

Year Return on Investment
1 years $-10,012
3 years $-7,016
5 years $-4,020
7 years $-1,023
9 years $1,973
11 years $4,969
13 years $7,966
15 years $10,962
17 years $13,959
19 years $16,955
21 years $19,951
23 years $22,948
25 years $25,944

Top Solar Installers in Somerdale

Many homeowners choose to hire a solar panel installer since installing solar panels on your own can be hard. In addition, if you’d like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.

If you’d like to go solar but still aren’t certain which solar installer to go with, here are our suggestions for providers in Somerdale:

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 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

See all of the solar companies in Somerdale

Factors that Affect Solar Panel Costs in Somerdale

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

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,530.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose 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 Somerdale to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.It’s a good idea to add 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 the amount of time it’ll take to pay off the loan.

Solar Panel Installation Company

The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Somerdale, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices because of 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 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 $3.67 $15,419 $10,735 14.7 years
8 kW $3.60 $20,163 $14,709 14.5 years
10 kW $3.53 $24,710 $18,880 14.2 years
12 kW $3.46 $29,059 $23,249 13.9 years
14 kW $3.39 $33,210 $27,816 13.6 years
16 kW $3.32 $37,164 $32,580 13.3 years
18 kW $3.25 $40,920 $37,542 13.0 years
20 kW $3.18 $44,478 $42,702 12.8 years

How to Save on Solar Panels

There are a lot of companies to choose from in Somerdale, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
  • Contract: When reading over 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 component breaking or the company going out of business.
  • Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.

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 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

EcoWatch's Somerdale, NJ Solar Cost FAQs

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

The average cost of solar panels in Somerdale is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Somerdale?

You can’t get solar panels for free in Somerdale. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Somerdale?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home uses 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.

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