Solar Panel Cost Guide in Wantage, NJ (Mar 2023)
- Wantage Solar Installation Cost: $9,327
- 25-Year Savings: $8,995
- Payback Period: 12.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wantage
Here's how much it might cost to make the switch to solar in Wantage.
The average cost of a solar panel system in Wantage is 2.77 per watt. The average solar panel system size in Wantage is around 4.8 kilowatts, meaning a cost of about $9,327 for a solar installation, or $13,338 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary based on a few factors, such as how many panels you need, your energy usage and what company you go with. Despite the high initial cost, the average Wantage homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a pre-vetted solar installer in Wantage, you can click the button below.
Solar savings over time in Wantage
| Year | Return on Investment |
|---|---|
| 1 years | $-8,594 |
| 3 years | $-7,128 |
| 5 years | $-5,662 |
| 7 years | $-4,197 |
| 9 years | $-2,731 |
| 11 years | $-1,265 |
| 13 years | $201 |
| 15 years | $1,666 |
| 17 years | $3,132 |
| 19 years | $4,598 |
| 21 years | $6,063 |
| 23 years | $7,529 |
| 25 years | $8,995 |
Top Solar Installers in Wantage
When making the switch to solar, many homeowners prefer to go with a solar company since handling can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Wantage
Factors that Affect Solar Panel Costs in Wantage
The cost of installing a solar system in Wantage can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Wantage, one of the most crucial 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 electricity bills. Your overall cost can increase by about $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 are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Wantage homeowners opt to finance their solar panel systems to make going solar more affordable. 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Wantage, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering 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 | $10,777 | 13.2 years |
| 8 kW | $2.83 | $15,822 | $14,680 | 13.0 years |
| 10 kW | $2.77 | $19,390 | $18,737 | 12.7 years |
| 12 kW | $2.71 | $22,803 | $22,950 | 12.5 years |
| 14 kW | $2.66 | $26,060 | $27,318 | 12.2 years |
| 16 kW | $2.60 | $29,163 | $31,841 | 12.0 years |
| 18 kW | $2.55 | $32,110 | $36,520 | 11.7 years |
| 20 kW | $2.49 | $34,902 | $41,353 | 11.4 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: The model of solar panel you want to install plays a role in which company you should go with, since different companies have access to different panels.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Wantage, NJ Solar Cost FAQs
How much does it cost to install solar panels in Wantage?
The average cost of solar panels in Wantage 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 stuff 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 Wantage?
You can't get solar panels for free in Wantage. 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 prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Wantage?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 get between 20 and 35 panels to account for 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.