Solar Panel Cost Guide in Winslow, NJ (Mar 2023)
- Winslow Solar Installation Cost: $9,036
- 25-Year Savings: $13,725
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Winslow
Let's have a look at the average cost of solar panels in Winslow.
While the national average of solar panels is $2.66 per watt, solar panels in Winslow typically cost about 2.77. The average solar panel system size in Winslow is around 4.7 kilowatts, meaning a cost of about $9,036 for a solar installation, or $12,921 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Winslow based on several factors, such as the kind of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in Winslow can save about $19,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Winslow that can help you get a more accurate cost estimate for your home.
Solar savings over time in Winslow
| Year | Return on Investment |
|---|---|
| 1 years | $-8,125 |
| 3 years | $-6,304 |
| 5 years | $-4,484 |
| 7 years | $-2,663 |
| 9 years | $-842 |
| 11 years | $979 |
| 13 years | $2,800 |
| 15 years | $4,621 |
| 17 years | $6,442 |
| 19 years | $8,262 |
| 21 years | $10,083 |
| 23 years | $11,904 |
| 25 years | $13,725 |
Top Solar Installers in Winslow
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a lot of work. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers in Winslow:
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 Winslow
Factors that Affect Solar Panel Costs in Winslow
Although the average cost of a solar system in Winslow is $9,036, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Winslow average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $17,217 | 10.3 years |
| 8 kW | $2.83 | $15,822 | $23,266 | 10.1 years |
| 10 kW | $2.77 | $19,390 | $29,470 | 9.9 years |
| 12 kW | $2.71 | $22,803 | $35,830 | 9.7 years |
| 14 kW | $2.66 | $26,060 | $42,344 | 9.5 years |
| 16 kW | $2.60 | $29,163 | $49,014 | 9.3 years |
| 18 kW | $2.55 | $32,110 | $55,839 | 9.1 years |
| 20 kW | $2.49 | $34,902 | $62,819 | 8.9 years |
How to Save on Solar Panels
Since the brand 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: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
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 Winslow, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Winslow?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Winslow is currently $212,482, which means you can look forward to a value of about $8,712 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Winslow is a worthwhile investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 home 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.