Solar Panel Cost Guide in Voorhees, NJ (2023 Update)
- Voorhees Solar Installation Cost: $9,032
- 25-Year Savings: $11,273
- Payback Period: 11.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Voorhees
Find out what the average cost of a solar system is in Voorhees.
The average cost of solar panels in Voorhees is 2.77 per watt. To account for the typical energy usage of the average home in Voorhees, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $9,036, or $12,921 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with. Even with the significant upfront cost, the average Voorhees homeowner can save about $17,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Voorhees
| Year | Return on Investment |
|---|---|
| 1 years | $-7,534 |
| 3 years | $-4,538 |
| 5 years | $-1,541 |
| 7 years | $1,455 |
| 9 years | $4,451 |
| 11 years | $7,448 |
| 13 years | $10,444 |
| 15 years | $13,440 |
| 17 years | $16,437 |
| 19 years | $19,433 |
| 21 years | $22,430 |
| 23 years | $25,426 |
| 25 years | $28,422 |
Top Solar Installers in Voorhees
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be a lot of work. The payback period on an investment in solar panels will vary based on factors like your location and energy needs, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
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 Voorhees
Factors that Affect Solar Panel Costs in Voorhees
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Voorhees: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. The model of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider 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 falls within your budget.
Solar Financing Terms
Most solar installers in Voorhees provide solar loans, which reduce your upfront costs of installing a solar system. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Voorhees, and each can charge varying amounts for labor and equipment. Additionally, some companies in Voorhees know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $14,055 | 11.6 years |
| 8 kW | $2.83 | $15,822 | $19,050 | 11.3 years |
| 10 kW | $2.77 | $19,390 | $24,200 | 11.1 years |
| 12 kW | $2.71 | $22,803 | $29,505 | 10.9 years |
| 14 kW | $2.66 | $26,060 | $34,966 | 10.7 years |
| 16 kW | $2.60 | $29,163 | $40,581 | 10.5 years |
| 18 kW | $2.55 | $32,110 | $46,352 | 10.2 years |
| 20 kW | $2.49 | $34,902 | $52,278 | 10.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer 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:
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which company you should choose, since different companies have access to different panels.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
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 Voorhees, NJ Solar Cost FAQs
How much does it cost to install solar panels in Voorhees?
This is a hard question to answer precisely, because the cost depends on many factors. Generally 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Voorhees?
Solar panels aren't free in Voorhees, 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 making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Voorhees?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.