Solar Panel Cost Guide in South Bound Brook, NJ (Feb 2023)
- South Bound Brook Solar Installation Cost: $9,191
- 25-Year Savings: $8,660
- Payback Period: 12.9 Years
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Top Solar Installers in South Bound Brook
Putting up solar panels on your own can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you take advantage of incentives in South Bound Brook, optimizing your ROI.
If you're looking for a solar installer in South Bound Brook, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in South Bound Brook
Factors that Affect Solar Panel Costs in South Bound Brook
Although the average cost of a solar system in South Bound Brook is $9,191, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in South Bound Brook. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the South Bound Brook average.
Solar Financing Terms
Many homeowners find the average cost of solar in South Bound Brook to be prohibitively expensive, 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 in most cases, but they also result in higher prices over time due to interest. Even though solar loans make switching to solar energy more accessible for South Bound Brook homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in South Bound Brook, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in South Bound Brook have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$10,518||13.4 years|
|8 kW||$2.83||$15,822||$14,334||13.1 years|
|10 kW||$2.77||$19,390||$18,305||12.9 years|
|12 kW||$2.71||$22,803||$22,432||12.6 years|
|14 kW||$2.66||$26,060||$26,713||12.3 years|
|16 kW||$2.60||$29,163||$31,150||12.1 years|
|18 kW||$2.55||$32,110||$35,742||11.8 years|
|20 kW||$2.49||$34,902||$40,489||11.6 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- 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: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
EcoWatch's South Bound Brook, NJ Solar Cost FAQs
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.