Solar Panel Cost Guide in Springdale, NJ (2024 Update)
- Springdale Solar Installation Cost: $11,511
- 25-Year Savings: $10,455
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Springdale
Here’s how much it might cost to make the switch to solar in Springdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Springdale, the average cost of a solar system is 4 per watt.Because a 4.7-kW system is needed to cover the energy costs of a typical home in Springdale, the average price of going solar will be about $11,511 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you may differ based on factors unique to your home and what company you choose to go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Springdale can save around $16,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in Springdale for a custom quote.
Solar savings over time in Springdale
| Year | Return on Investment |
|---|---|
| 1 years | $-10,050 |
| 3 years | $-7,130 |
| 5 years | $-4,209 |
| 7 years | $-1,289 |
| 9 years | $1,632 |
| 11 years | $4,552 |
| 13 years | $7,473 |
| 15 years | $10,394 |
| 17 years | $13,314 |
| 19 years | $16,235 |
| 21 years | $19,155 |
| 23 years | $22,076 |
| 25 years | $24,996 |
Top Solar Installers in Springdale
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make swapping over to solar power much easier. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy use, but working with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Springdale:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 Springdale
Factors that Affect Solar Panel Costs in Springdale
The cost of installing a solar system in Springdale can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,530 per kilowatt in Springdale.The type of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Springdale to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.67 | $15,419 | $9,681 | 15.4 years |
| 8 kW | $3.60 | $20,163 | $13,303 | 15.1 years |
| 10 kW | $3.53 | $24,710 | $17,123 | 14.8 years |
| 12 kW | $3.46 | $29,059 | $21,141 | 14.5 years |
| 14 kW | $3.39 | $33,210 | $25,356 | 14.2 years |
| 16 kW | $3.32 | $37,164 | $29,769 | 13.9 years |
| 18 kW | $3.25 | $40,920 | $34,380 | 13.6 years |
| 20 kW | $3.18 | $44,478 | $39,188 | 13.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re worried about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers 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 choose.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Springdale, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Springdale?
The average cost of solar panels in Springdale 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
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 Springdale is currently $374,023, which means you can expect a value of about $15,335 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Springdale is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.