Solar Panel Cost Guide in Spring Lake Heights, NJ (2024 Update)

  • Spring Lake Heights Solar Installation Cost: $11,170
  • 25-Year Savings: $7,419
  • Payback Period: 17.3 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 Spring Lake Heights

We break down average solar pricing in Spring Lake Heights.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Spring Lake Heights, the average cost of solar panels is 4 per watt.Using this figure, a typical 4.5-kW system would cost about $11,170 before the 0 federal solar tax credit is applied.

The true cost of your system can go above or below the average in Spring Lake Heights depending on several factors, such as the kind of solar panels you choose and the solar company you hire.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on electricity bills.

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

Solar savings over time in Spring Lake Heights

Year Return on Investment
1 years $-10,111
3 years $-7,992
5 years $-5,874
7 years $-3,755
9 years $-1,637
11 years $481
13 years $2,600
15 years $4,718
17 years $6,837
19 years $8,955
21 years $11,073
23 years $13,192
25 years $15,310

Top Solar Installers in Spring Lake Heights

Although you can install solar panels yourself, it takes extra time and knowledge. For that reason, most people choose to hire a solar panel installer. Another good thing about choosing a top solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.

If you're searching for a solar installer in Spring Lake Heights, the EcoWatch team has compiled a list of our top suggestions here:

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 Spring Lake Heights

Factors that Affect Solar Panel Costs in Spring Lake Heights

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

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar equipment you choose can increase or decrease your cost 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 power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Spring Lake Heights average.

Solar Financing Terms

Many homeowners find the average cost of solar in Spring Lake Heights to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.Though solar loans make adopting solar energy more accessible for Spring Lake Heights homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar system can affect your pricing. Spring Lake Heights’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better 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 $3.67 $15,419 $6,062 17.9 years
8 kW $3.60 $20,163 $8,478 17.6 years
10 kW $3.53 $24,710 $11,092 17.3 years
12 kW $3.46 $29,059 $13,903 16.9 years
14 kW $3.39 $33,210 $16,912 16.6 years
16 kW $3.32 $37,164 $20,119 16.2 years
18 kW $3.25 $40,920 $23,524 15.9 years
20 kW $3.18 $44,478 $27,126 15.5 years

How to Save on Solar Panels

The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.

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 Spring Lake Heights, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Spring Lake Heights?

The average cost of solar panels in Spring Lake Heights 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Spring Lake Heights?

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

Can you sell solar power back to the grid in Spring Lake Heights?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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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