Solar Panel Cost Guide in Twin Rivers, NJ (2025 Update)

  • Twin Rivers Solar Installation Cost: $11,653
  • 25-Year Savings: $7,873
  • Payback Period: 17.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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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 Twin Rivers

Let’s take a look at the average cost of solar in Twin Rivers.

In Twin Rivers, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Twin Rivers, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $11,653, or $16,664 before the federal solar tax credit of 0 is applied.

How much you pay can be higher or lower than the average in Twin Rivers based on a few factors, such as the type of solar panels you choose and the solar company you hire.With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Twin Rivers find going solar can be quite rewarding.

To receive a free quote from a vetted solar installation company in Twin Rivers, you can click the button below.

Solar savings over time in Twin Rivers

YearReturn on Investment
1 years$-10,594
3 years$-8,476
5 years$-6,357
7 years$-4,239
9 years$-2,120
11 years$-2
13 years$2,116
15 years$4,235
17 years$6,353
19 years$8,472
21 years$10,590
23 years$12,708
25 years$14,827

Top Solar Installers in Twin Rivers

Many homeowners opt for a solar installation company since trying to install solar panels on your own can be challenging. Some solar companies, especially local ones, can help you better understand incentives in Twin Rivers, optimizing your ROI.

There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:

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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 Twin Rivers

Factors that Affect Solar Panel Costs in Twin Rivers

For many Twin Rivers homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Twin Rivers, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Twin Rivers, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,530 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Twin Rivers homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Twin Rivers, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.67$15,419$6,23117.8 years
8 kW$3.60$20,163$8,70417.5 years
10 kW$3.53$24,710$11,37417.1 years
12 kW$3.46$29,059$14,24216.8 years
14 kW$3.39$33,210$17,30716.4 years
16 kW$3.32$37,164$20,57016.1 years
18 kW$3.25$40,920$24,03115.8 years
20 kW$3.18$44,478$27,69015.4 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
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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 Twin Rivers, NJ Solar Cost FAQs

How much does it cost to install solar panels in Twin Rivers?

The average cost of solar panels in Twin Rivers 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 such as the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Twin Rivers?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Can solar panels completely eradicate my energy bills?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $721.68 per year.

What solar power system size is right for 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.