Solar Panel Cost Guide in Woodbury Heights, NJ (Mar 2023)
- Woodbury Heights Solar Installation Cost: $9,016
- 25-Year Savings: $11,289
- Payback Period: 11.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Woodbury Heights
We go over average solar pricing in Woodbury Heights.
Although the national average of solar panels is $2.66 per watt, solar panels in Woodbury Heights typically cost around 2.77. Using this figure, a typical 4.7-kW system would cost about $9,016 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Woodbury Heights based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. With average savings of about $17,000 on power bills over 20 years, many homeowners in Woodbury Heights find going solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Woodbury Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-8,204 |
| 3 years | $-6,580 |
| 5 years | $-4,955 |
| 7 years | $-3,331 |
| 9 years | $-1,706 |
| 11 years | $-82 |
| 13 years | $1,543 |
| 15 years | $3,167 |
| 17 years | $4,791 |
| 19 years | $6,416 |
| 21 years | $8,040 |
| 23 years | $9,665 |
| 25 years | $11,289 |
Top Solar Installers in Woodbury Heights
Although it's possible to install solar panels on your own, it involves extra labor and knowledge. That's why most homeowners choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for your family.
If you're searching for a solar installer in Woodbury Heights, the EcoWatch team has 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
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 Woodbury Heights
Factors that Affect Solar Panel Costs in Woodbury Heights
The cost of installing a solar system in Woodbury Heights can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Woodbury Heights average.
Solar Financing Terms
Most solar installers in Woodbury Heights offer solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining your pricing. Woodbury Heights' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Woodbury Heights are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $14,113 | 11.5 years |
| 8 kW | $2.83 | $15,822 | $19,128 | 11.3 years |
| 10 kW | $2.77 | $19,390 | $24,298 | 11.1 years |
| 12 kW | $2.71 | $22,803 | $29,623 | 10.9 years |
| 14 kW | $2.66 | $26,060 | $35,103 | 10.7 years |
| 16 kW | $2.60 | $29,163 | $40,738 | 10.4 years |
| 18 kW | $2.55 | $32,110 | $46,528 | 10.2 years |
| 20 kW | $2.49 | $34,902 | $52,474 | 10.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- 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.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project completion timeline.
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 Woodbury Heights, NJ Solar Cost FAQs
How much does it cost to install solar panels in Woodbury Heights?
The average cost of solar panels in Woodbury Heights is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on things 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 definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Woodbury Heights have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger level 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.