Solar Panel Cost Guide in Upper Deerfield, NJ (2023 Update)
- Upper Deerfield Solar Installation Cost: $8,764
- 25-Year Savings: $14,710
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Upper Deerfield
We break down average solar pricing in Upper Deerfield.
The average cost of a solar system in Upper Deerfield is 2.77 per watt. To account for the typical energy needs of the average home in Upper Deerfield, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $8,764, or $12,533 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Upper Deerfield find installing solar panels has a decent ROI.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Upper Deerfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,686 |
| 3 years | $-8,529 |
| 5 years | $-8,373 |
| 7 years | $-8,216 |
| 9 years | $-8,060 |
| 11 years | $-7,903 |
| 13 years | $-7,747 |
| 15 years | $-7,590 |
| 17 years | $-7,434 |
| 19 years | $-7,277 |
| 21 years | $-7,121 |
| 23 years | $-6,964 |
| 25 years | $-6,808 |
Top Solar Installers in Upper Deerfield
Many homeowners choose to use a solar panel installer since installing solar panels on your own can be hard. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Upper Deerfield
Factors that Affect Solar Panel Costs in Upper Deerfield
For many Upper Deerfield homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Upper Deerfield, with typical prices between $20,000 to $40,000. There are several factors that considerably 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 Upper Deerfield, one of the most crucial 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 usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,770 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Upper Deerfield offer solar loans, which reduce your upfront costs of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Upper Deerfield is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different costs. Larger national companies usually have lower costs, but some local companies compete with them by offering 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 car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.88 | $12,099 | $19,062 | 9.7 years |
| 8 kW | $2.83 | $15,822 | $25,726 | 9.5 years |
| 10 kW | $2.77 | $19,390 | $32,545 | 9.3 years |
| 12 kW | $2.71 | $22,803 | $39,520 | 9.1 years |
| 14 kW | $2.66 | $26,060 | $46,649 | 9.0 years |
| 16 kW | $2.60 | $29,163 | $53,934 | 8.8 years |
| 18 kW | $2.55 | $32,110 | $61,374 | 8.6 years |
| 20 kW | $2.49 | $34,902 | $68,969 | 8.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two 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 satisfied reviews from previous customers.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Upper Deerfield, NJ Solar Cost FAQs
How much does it cost to install solar panels in Upper Deerfield?
The average cost of solar panels in Upper Deerfield is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Upper Deerfield?
You can't get solar panels for free in Upper Deerfield. However, you may still be able to get 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 solar panels eliminate my power 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 $1,038.71 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install 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.