Solar Panel Cost Guide in Warren, NJ (Mar 2023)
- Warren Solar Installation Cost: $9,191
- 25-Year Savings: $7,826
- Payback Period: 13.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Warren
We go over average solar pricing in Warren.
In Warren, solar panels cost about 2.77 per watt on average. To cover the typical energy needs of the average home in Warren, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,191, or $13,143 before the federal solar tax credit of 30% is applied.
The true cost of your system can go above or below the average in Warren depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in Warren can save about $14,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Warren that can help you get a more accurate cost estimate for your home.
Solar savings over time in Warren
| Year | Return on Investment |
|---|---|
| 1 years | $-8,510 |
| 3 years | $-7,149 |
| 5 years | $-5,787 |
| 7 years | $-4,426 |
| 9 years | $-3,065 |
| 11 years | $-1,703 |
| 13 years | $-342 |
| 15 years | $1,019 |
| 17 years | $2,381 |
| 19 years | $3,742 |
| 21 years | $5,103 |
| 23 years | $6,465 |
| 25 years | $7,826 |
Top Solar Installers in Warren
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of an installer can make converting to solar power much easier. Plus, if you're unsure what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Warren
Factors that Affect Solar Panel Costs in Warren
There are several factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Warren, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $2,770 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 greater 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
Many homeowners find the average cost of solar in Warren to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. It's a good idea 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
A final consideration when trying to evaluate the cost of solar for your home or business in Warren is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services at different price points. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $9,462 | 14.0 years |
| 8 kW | $2.83 | $15,822 | $12,926 | 13.8 years |
| 10 kW | $2.77 | $19,390 | $16,545 | 13.5 years |
| 12 kW | $2.71 | $22,803 | $20,320 | 13.2 years |
| 14 kW | $2.66 | $26,060 | $24,250 | 12.9 years |
| 16 kW | $2.60 | $29,163 | $28,334 | 12.7 years |
| 18 kW | $2.55 | $32,110 | $32,574 | 12.4 years |
| 20 kW | $2.49 | $34,902 | $36,969 | 12.1 years |
How to Save on Solar Panels
The solar panel company you choose will affect 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 several important things you should keep in mind, such as:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Warren, NJ Solar Cost FAQs
How much does it cost to install solar panels in Warren?
The average cost of solar panels in Warren 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Warren?
You can't get solar panels for free in Warren. 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.
Does Warren have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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.