Solar Panel Cost Guide in West Deptford, NJ (2023 Update)
- West Deptford Solar Installation Cost: $9,012
- 25-Year Savings: $11,070
- Payback Period: 11.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in West Deptford
Find out what the average cost of solar panel installation is in West Deptford.
The average cost of solar panels in West Deptford is 2.77 per watt. The average West Deptford homeowner needs a 4.7-kilowatt system, which would cost about $9,016 with the federal tax credit, or $12,893 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of West Deptford homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in West Deptford can save about $16,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in West Deptford
| Year | Return on Investment |
|---|---|
| 1 years | $-8,945 |
| 3 years | $-8,811 |
| 5 years | $-8,677 |
| 7 years | $-8,544 |
| 9 years | $-8,410 |
| 11 years | $-8,276 |
| 13 years | $-8,142 |
| 15 years | $-8,008 |
| 17 years | $-7,874 |
| 19 years | $-7,740 |
| 21 years | $-7,606 |
| 23 years | $-7,473 |
| 25 years | $-7,339 |
Top Solar Installers in West Deptford
Installing solar panels by yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
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 in West Deptford:
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 West Deptford
Factors that Affect Solar Panel Costs in West Deptford
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,770 per kilowatt in West Deptford. The brand of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in West Deptford, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in West Deptford, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies 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 come at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also fits within 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
The solar panel company you go with will impact 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 a few important things you should consider, including:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- 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 you can expect about the installation process.
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 West Deptford, NJ Solar Cost FAQs
What is the average cost of installing 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.