Solar Panel Cost Guide in Tewksbury, NJ (2025 Update)
- Tewksbury Solar Installation Cost: $11,751
- 25-Year Savings: $6,963
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Tewksbury
Find out what the average cost of a solar system is in Tewksbury.
While the national average of solar panels is $2.66 per watt, solar panels in Tewksbury generally cost around 4.Using this figure, a typical 4.8-kW system would cost about $11,751 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $13,000 over 20 years on utility bills.
To get a free estimate from a pre-vetted solar installation company in Tewksbury, you can click the button below.
Solar savings over time in Tewksbury
| Year | Return on Investment |
|---|---|
| 1 years | $-10,692 |
| 3 years | $-8,574 |
| 5 years | $-6,455 |
| 7 years | $-4,337 |
| 9 years | $-2,218 |
| 11 years | $-100 |
| 13 years | $2,018 |
| 15 years | $4,137 |
| 17 years | $6,255 |
| 19 years | $8,374 |
| 21 years | $10,492 |
| 23 years | $12,610 |
| 25 years | $14,729 |
Top Solar Installers in Tewksbury
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using an installer can make converting to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company as well, which can save you more money after your upfront investment.
If you're searching for a solar company in Tewksbury, the EcoWatch team has put together a list of our top suggestions here:
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 Tewksbury
Factors that Affect Solar Panel Costs in Tewksbury
For many Tewksbury homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Tewksbury, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Tewksbury, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $3,530 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Tewksbury, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Tewksbury provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Tewksbury have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.67 | $15,419 | $4,999 | 18.9 years |
| 8 kW | $3.60 | $20,163 | $7,061 | 18.5 years |
| 10 kW | $3.53 | $24,710 | $9,320 | 18.2 years |
| 12 kW | $3.46 | $29,059 | $11,777 | 17.8 years |
| 14 kW | $3.39 | $33,210 | $14,432 | 17.4 years |
| 16 kW | $3.32 | $37,164 | $17,285 | 17.1 years |
| 18 kW | $3.25 | $40,920 | $20,335 | 16.7 years |
| 20 kW | $3.18 | $44,478 | $23,583 | 16.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Tewksbury, NJ Solar Cost FAQs
How much does it cost to install solar panels in Tewksbury?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Tewksbury?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tewksbury is currently $688,560, so you could be looking at a value of about $28,231 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tewksbury is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.