Solar Panel Cost Guide in West Deptford, NJ (2024 Update)
- West Deptford Solar Installation Cost: $11,485
- 25-Year Savings: $25,654
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in West Deptford
Find out how much it might cost to switch to solar power in West Deptford.
In West Deptford, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in West Deptford, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,485, or $16,424 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average West Deptford homeowner. 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.But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $16,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in West Deptford
| Year | Return on Investment |
|---|---|
| 1 years | $-9,999 |
| 3 years | $-7,028 |
| 5 years | $-4,057 |
| 7 years | $-1,086 |
| 9 years | $1,885 |
| 11 years | $4,856 |
| 13 years | $7,827 |
| 15 years | $10,798 |
| 17 years | $13,770 |
| 19 years | $16,741 |
| 21 years | $19,712 |
| 23 years | $22,683 |
| 25 years | $25,654 |
Top Solar Installers in West Deptford
Installing solar panels on your own can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
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 near you:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,530. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase 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 West Deptford homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make going solar more accessible for West Deptford homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
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 a great number of options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $3.67 | $15,419 | $10,505 | 14.9 years |
| 8 kW | $3.60 | $20,163 | $14,403 | 14.6 years |
| 10 kW | $3.53 | $24,710 | $18,498 | 14.3 years |
| 12 kW | $3.46 | $29,059 | $22,790 | 14.0 years |
| 14 kW | $3.39 | $33,210 | $27,280 | 13.7 years |
| 16 kW | $3.32 | $37,164 | $31,968 | 13.4 years |
| 18 kW | $3.25 | $40,920 | $36,854 | 13.2 years |
| 20 kW | $3.18 | $44,478 | $41,937 | 12.9 years |
How to Save on Solar Panels
There are a lot of companies available in West Deptford, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- 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 that kind of warranty is one mark of a quality company.
- 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 what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,650 for a 5-kW system and $35,300 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 needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does West Deptford have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.