Solar Panel Cost Guide in Woodland Park, NJ (2023 Update)
- Woodland Park Solar Installation Cost: $9,249
- 25-Year Savings: $8,601
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Woodland Park
See how much it might cost to go solar in Woodland Park.
The average cost of solar panels in Woodland Park is 2.77 per watt. To cover the typical energy usage of the average home in Woodland Park, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,249, or $13,226 before the federal solar tax credit of 30% is applied.
The actual price you pay can go higher or lower than the average in Woodland Park based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the large upfront cost, the average Woodland Park homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free quote from a highly rated solar installer in Woodland Park, you can click the button below.
Solar savings over time in Woodland Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,535 |
| 3 years | $-7,107 |
| 5 years | $-5,679 |
| 7 years | $-4,251 |
| 9 years | $-2,823 |
| 11 years | $-1,395 |
| 13 years | $33 |
| 15 years | $1,461 |
| 17 years | $2,889 |
| 19 years | $4,317 |
| 21 years | $5,745 |
| 23 years | $7,173 |
| 25 years | $8,601 |
Top Solar Installers in Woodland Park
When going solar, many homeowners decide to hire a solar installer since putting up a solar system yourself can be a difficult project. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Woodland Park, the EcoWatch team has organized 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 Woodland Park
Factors that Affect Solar Panel Costs in Woodland Park
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Woodland Park: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type 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. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Woodland Park average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Woodland Park, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Woodland Park is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different price points. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,332 | 13.5 years |
| 8 kW | $2.83 | $15,822 | $14,087 | 13.2 years |
| 10 kW | $2.77 | $19,390 | $17,996 | 13.0 years |
| 12 kW | $2.71 | $22,803 | $22,061 | 12.7 years |
| 14 kW | $2.66 | $26,060 | $26,280 | 12.4 years |
| 16 kW | $2.60 | $29,163 | $30,655 | 12.2 years |
| 18 kW | $2.55 | $32,110 | $35,185 | 11.9 years |
| 20 kW | $2.49 | $34,902 | $39,870 | 11.7 years |
How to Save on Solar Panels
There are many companies to choose from in Woodland Park, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Woodland Park, NJ Solar Cost FAQs
How much does it cost to install solar panels in Woodland Park?
The average cost of solar panels in Woodland Park 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 certain factors like 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 Woodland Park?
You can't get solar panels for free in Woodland Park. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Woodland Park?
Most states offer net metering programs of some kind. Through these, you can either be compensated 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.