Solar Panel Cost Guide in Winslow, NJ (2023 Update)
- Winslow Solar Installation Cost: $9,032
- 25-Year Savings: $13,728
- Payback Period: 9.9 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 Winslow
Let's take a look at the average cost of solar panels in Winslow.
In Winslow, solar panels cost about 2.77 per watt on average. Because a 4.7-kW system is needed to cover the energy consumption of a typical home in Winslow, the average price of going solar will be about $9,036 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and your own solar costs will look different based on your specific situation and what company you want to go with. Even with the high upfront cost, the average Winslow homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a vetted solar installer in Winslow, you can click the button below.
Solar savings over time in Winslow
| Year | Return on Investment |
|---|---|
| 1 years | $-7,534 |
| 3 years | $-4,538 |
| 5 years | $-1,541 |
| 7 years | $1,455 |
| 9 years | $4,451 |
| 11 years | $7,448 |
| 13 years | $10,444 |
| 15 years | $13,440 |
| 17 years | $16,437 |
| 19 years | $19,433 |
| 21 years | $22,430 |
| 23 years | $25,426 |
| 25 years | $28,422 |
Top Solar Installers in Winslow
Although you can install solar panels on your own, it requires extra effort and know-how. That's one of the reasons most people choose to hire a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Winslow
Factors that Affect Solar Panel Costs in Winslow
For many Winslow homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Winslow, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Winslow, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — 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 choose a company that has the products, warranties and services you're looking for 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 | $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
The solar company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should go with, since different companies have access to different panels.
- Contract: It's important to look over your solar installer's contract fully 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 Winslow, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Winslow?
The average cost of solar panels in Winslow 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Winslow?
Solar panels aren't free in Winslow, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
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.