Solar Panel Cost Guide in West Deptford, NJ (Feb 2023)

  • West Deptford Solar Installation Cost: $9,016
  • 25-Year Savings: $11,066
  • Payback Period: 11.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in West Deptford

Let's take a look at the average cost of solar in West Deptford.

While the national average of solar panels is $2.66 per watt, solar panels in West Deptford generally cost around $3. The average solar panel system size in West Deptford is around 4.7 kilowatts, meaning a cost of about $9,016 for a solar installation, or $6,672 after the 30% federal solar tax credit is applied.

The true cost of your system can go above or below the average in West Deptford based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $16,000 on energy bills over 20 years, many homeowners in West Deptford find investing in solar can be quite rewarding.

For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in West Deptford

Year Return on Investment
1 years $-8,213
3 years $-6,606
5 years $-5,000
7 years $-3,393
9 years $-1,787
11 years $-180
13 years $1,427
15 years $3,033
17 years $4,640
19 years $6,246
21 years $7,853
23 years $9,460
25 years $11,066

Top Solar Installers in West Deptford

Although it's possible to install solar panels by yourself, it takes extra time and expertise. For that reason, most homeowners choose to go with a solar panel installer. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.

You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 West Deptford

Factors that Affect Solar Panel Costs in West Deptford

The cost of installing a solar system in West Deptford can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,770 per kilowatt in West Deptford. There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many West Deptford homeowners opt to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also adds to your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in West Deptford, and each can charge varying amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fit into your budget.

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 $13,825 11.7 years
8 kW $2.83 $15,822 $18,744 11.4 years
10 kW $2.77 $19,390 $23,818 11.2 years
12 kW $2.71 $22,803 $29,046 11.0 years
14 kW $2.66 $26,060 $34,430 10.8 years
16 kW $2.60 $29,163 $39,970 10.5 years
18 kW $2.55 $32,110 $45,664 10.3 years
20 kW $2.49 $34,902 $51,513 10.1 years

How to Save on Solar Panels

Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 West Deptford, NJ Solar Cost FAQs

How much does it cost to install solar panels in West Deptford?

This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in West Deptford?

Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase how much your home is worth?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in West Deptford is currently $185,936, which means you can expect a value of about $7,623 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in West Deptford is a worthwhile investment.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.

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