Solar Panel Cost Guide in Vineland, NJ (2023 Update)
- Vineland Solar Installation Cost: $8,764
- 25-Year Savings: $15,184
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Vineland
See how much it might cost to go solar in Vineland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vineland, the typical cost of solar panels is 2.77 per watt. To account for the typical energy needs of the average home in Vineland, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs around $8,764, or $12,533 before the federal solar tax credit of 30% is applied.
The true price you pay can go above or below the average in Vineland based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. But, once you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar installer in Vineland for a customized estimate.
Solar savings over time in Vineland
| Year | Return on Investment |
|---|---|
| 1 years | $-7,806 |
| 3 years | $-5,890 |
| 5 years | $-3,975 |
| 7 years | $-2,059 |
| 9 years | $-143 |
| 11 years | $1,773 |
| 13 years | $3,689 |
| 15 years | $5,605 |
| 17 years | $7,521 |
| 19 years | $9,437 |
| 21 years | $11,353 |
| 23 years | $13,269 |
| 25 years | $15,184 |
Top Solar Installers in Vineland
Installing solar panels by yourself can be a stressful task, which is why using a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Vineland, thereby optimizing your ROI.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Vineland
Factors that Affect Solar Panel Costs in Vineland
Even though the average cost of a solar system in Vineland is $8,764, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,770. The brand of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Vineland have solar loans, which reduce your upfront costs of installing solar panels. It's a good idea to add 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 off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence the cost. Vineland's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion 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 | $19,693 | 9.5 years |
| 8 kW | $2.83 | $15,822 | $26,567 | 9.3 years |
| 10 kW | $2.77 | $19,390 | $33,597 | 9.1 years |
| 12 kW | $2.71 | $22,803 | $40,781 | 9.0 years |
| 14 kW | $2.66 | $26,060 | $48,121 | 8.8 years |
| 16 kW | $2.60 | $29,163 | $55,616 | 8.6 years |
| 18 kW | $2.55 | $32,110 | $63,266 | 8.4 years |
| 20 kW | $2.49 | $34,902 | $71,071 | 8.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly impacts 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 solid reputation as a company and have verifiable 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 positive reviews from past customers.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Vineland, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Vineland?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Vineland?
A solar panel system isn't free in Vineland, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Vineland?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.