Solar Panel Cost Guide in Upper Montclair, NJ (Jan 2023)
- Upper Montclair Solar Installation Cost: $9,171
- 25-Year Savings: $8,679
- Payback Period: 12.8 Years
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Top Solar Installers in Upper Montclair
Many homeowners decide to use a solar installation company since figuring out how to install solar panels on your own can be a lot of work. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Upper Montclair:
See all of the solar companies in Upper Montclair
Factors that Affect Solar Panel Costs in Upper Montclair
For many Upper Montclair homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Upper Montclair, 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.
When it comes to estimating the price of a solar panel system in Upper Montclair, one of the most important 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 gauge by looking at past energy bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Upper Montclair have solar loans, which reduce the initial cost of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can affect the cost. Upper Montclair's solar companies all have different labor costs and add varying upcharges to 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 specific equipment options like Tesla Powerwall batteries or extra 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||$10,536||13.4 years|
|8 kW||$2.83||$15,822||$14,358||13.1 years|
|10 kW||$2.77||$19,390||$18,335||12.8 years|
|12 kW||$2.71||$22,803||$22,468||12.6 years|
|14 kW||$2.66||$26,060||$26,755||12.3 years|
|16 kW||$2.60||$29,163||$31,198||12.1 years|
|18 kW||$2.55||$32,110||$35,795||11.8 years|
|20 kW||$2.49||$34,902||$40,548||11.6 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. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
EcoWatch's Upper Montclair, NJ Solar Cost FAQs
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.