Solar Panel Cost Guide in Westville, NJ (2023 Update)
- Westville Solar Installation Cost: $9,016
- 25-Year Savings: $8,834
- Payback Period: 12.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Westville
Find out what the average cost of installing solar panels is in Westville.
The national average cost of solar panels is $2.66 per watt, but in Westville it's 2.77 per watt. The average solar panel system size in Westville is around 4.7 kilowatts, meaning a cost of about $9,016 for a solar installation, or $12,893 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on energy bills.
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 Westville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,302 |
| 3 years | $-6,874 |
| 5 years | $-5,446 |
| 7 years | $-4,018 |
| 9 years | $-2,590 |
| 11 years | $-1,162 |
| 13 years | $266 |
| 15 years | $1,694 |
| 17 years | $3,122 |
| 19 years | $4,550 |
| 21 years | $5,978 |
| 23 years | $7,406 |
| 25 years | $8,834 |
Top Solar Installers in Westville
Putting up solar panels on your own can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Westville, we've put together a list of our top suggestions here:
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 Westville
Factors that Affect Solar Panel Costs in Westville
There are many criteria that can play into your solar panel 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Westville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Westville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Westville is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $10,944 | 13.1 years |
| 8 kW | $2.83 | $15,822 | $14,902 | 12.9 years |
| 10 kW | $2.77 | $19,390 | $19,015 | 12.6 years |
| 12 kW | $2.71 | $22,803 | $23,284 | 12.4 years |
| 14 kW | $2.66 | $26,060 | $27,707 | 12.1 years |
| 16 kW | $2.60 | $29,163 | $32,286 | 11.9 years |
| 18 kW | $2.55 | $32,110 | $37,020 | 11.6 years |
| 20 kW | $2.49 | $34,902 | $41,909 | 11.4 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Westville, NJ Solar Cost FAQs
How much does it cost to install solar panels in Westville?
The average cost of solar panels in Westville 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 kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
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 Westville is currently $153,900, so you can look forward to a value of about $6,310 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Westville is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.