Solar Panel Cost Guide in Trenton, NJ (2024 Update)
- Trenton Solar Installation Cost: $11,653
- 25-Year Savings: $8,314
- Payback Period: 16.7 Years
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Average Cost of Solar Panels in Trenton
Let’s have a look at the average cost of solar in Trenton.
While the national average of solar panels is $2.66 per watt, solar panels in Trenton generally cost around 4.Since a 4.7-kW system is needed to cover the energy usage of a typical home in Trenton, the average price of going solar will be about $11,653 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Trenton homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Even with the significant initial cost, the average Trenton homeowner can save about $14,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar company in Trenton for a quote for your home.
Solar savings over time in Trenton
Year | Return on Investment |
---|---|
1 years | $-10,281 |
3 years | $-7,536 |
5 years | $-4,792 |
7 years | $-2,047 |
9 years | $697 |
11 years | $3,442 |
13 years | $6,186 |
15 years | $8,931 |
17 years | $11,676 |
19 years | $14,420 |
21 years | $17,165 |
23 years | $19,909 |
25 years | $22,654 |
Top Solar Installers in Trenton
When going solar, many homeowners opt to go with a solar installation company since putting up solar panels yourself can be a challenging project. Another perk of going with a solar installer is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
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 Trenton
Factors that Affect Solar Panel Costs in Trenton
Though the average cost of a solar system in Trenton is $11,653, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Trenton offer solar loans, which reduce your upfront costs of installing solar.Although solar loans make going solar more accessible for Trenton homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Trenton, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $6,793 | 17.4 years |
8 kW | $3.60 | $20,163 | $9,452 | 17.0 years |
10 kW | $3.53 | $24,710 | $12,309 | 16.7 years |
12 kW | $3.46 | $29,059 | $15,364 | 16.4 years |
14 kW | $3.39 | $33,210 | $18,617 | 16.0 years |
16 kW | $3.32 | $37,164 | $22,067 | 15.7 years |
18 kW | $3.25 | $40,920 | $25,715 | 15.4 years |
20 kW | $3.18 | $44,478 | $29,561 | 15.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which company you should choose, since different companies provide different panels.
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 Trenton, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Trenton?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a crucial 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 think about are the quality and durability of your solar panels.
Is it worth going solar in Trenton?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.