Solar Panel Cost Guide in Upper Pittsgrove, NJ (2023 Update)
- Upper Pittsgrove Solar Installation Cost: $8,954
- 25-Year Savings: $14,519
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Upper Pittsgrove
We go over average solar pricing in Upper Pittsgrove.
In Upper Pittsgrove, solar panels cost about 2.77 per watt on average. Using this figure, a typical 4.6-kW system would cost about $8,958 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in Upper Pittsgrove can save about $19,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized estimate.
Solar savings over time in Upper Pittsgrove
| Year | Return on Investment |
|---|---|
| 1 years | $-7,456 |
| 3 years | $-4,460 |
| 5 years | $-1,463 |
| 7 years | $1,533 |
| 9 years | $4,529 |
| 11 years | $7,526 |
| 13 years | $10,522 |
| 15 years | $13,518 |
| 17 years | $16,515 |
| 19 years | $19,511 |
| 21 years | $22,508 |
| 23 years | $25,504 |
| 25 years | $28,500 |
Top Solar Installers in Upper Pittsgrove
When switching to solar energy, many homeowners opt to go with a solar company since installing solar panels yourself can be a time-consuming project. Another upside of working with a solar installer is that they can help you make the most of your ROI by lowering 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're looking for a solar installer in Upper Pittsgrove, the EcoWatch team has compiled 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
See all of the solar companies in Upper Pittsgrove
Factors that Affect Solar Panel Costs in Upper Pittsgrove
Even though the average cost of a solar system in Upper Pittsgrove is $8,958, your actual cost may be higher or lower than that. There are many 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 consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Upper Pittsgrove average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Upper Pittsgrove is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $18,399 | 9.9 years |
| 8 kW | $2.83 | $15,822 | $24,842 | 9.7 years |
| 10 kW | $2.77 | $19,390 | $31,440 | 9.5 years |
| 12 kW | $2.71 | $22,803 | $38,193 | 9.3 years |
| 14 kW | $2.66 | $26,060 | $45,102 | 9.2 years |
| 16 kW | $2.60 | $29,163 | $52,165 | 9.0 years |
| 18 kW | $2.55 | $32,110 | $59,384 | 8.8 years |
| 20 kW | $2.49 | $34,902 | $66,758 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good 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.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. 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 be sure to peruse their list of offerings before deciding.
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 Pittsgrove, NJ Solar Cost FAQs
How much does it cost to install solar panels in Upper Pittsgrove?
The average cost of solar panels in Upper Pittsgrove is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Upper Pittsgrove?
You can't get solar panels for free in Upper Pittsgrove. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Upper Pittsgrove is currently $236,599, so you could be looking at a value of about $9,701 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Upper Pittsgrove is a fruitful investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 home 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.