Solar Panel Cost Guide in Yardville, NJ (2024 Update)
- Yardville Solar Installation Cost: $11,653
- 25-Year Savings: $7,873
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Yardville
Find out what the average cost of a solar system is in Yardville.
The average cost of a solar panel system in Yardville is 4 per watt.To cover the typical energy usage of the average home in Yardville, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $11,653, or $16,664 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you choose to go with.Despite the significant initial cost, the average Yardville homeowner can save about $14,000 on their power bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a vetted solar installer in Yardville, you can click the button below.
Solar savings over time in Yardville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,594 |
| 3 years | $-8,476 |
| 5 years | $-6,357 |
| 7 years | $-4,239 |
| 9 years | $-2,120 |
| 11 years | $-2 |
| 13 years | $2,116 |
| 15 years | $4,235 |
| 17 years | $6,353 |
| 19 years | $8,472 |
| 21 years | $10,590 |
| 23 years | $12,708 |
| 25 years | $14,827 |
Top Solar Installers in Yardville
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be a lot of work. Also, if you’d like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Yardville
Factors that Affect Solar Panel Costs in Yardville
The cost of installing a solar system in Yardville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,530 per kilowatt in Yardville.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Yardville homeowners decide to finance their solar panel systems to offset upfront costs.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 lower 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 Yardville is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Yardville have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $3.67 | $15,419 | $6,231 | 17.8 years |
| 8 kW | $3.60 | $20,163 | $8,704 | 17.5 years |
| 10 kW | $3.53 | $24,710 | $11,374 | 17.1 years |
| 12 kW | $3.46 | $29,059 | $14,242 | 16.8 years |
| 14 kW | $3.39 | $33,210 | $17,307 | 16.4 years |
| 16 kW | $3.32 | $37,164 | $20,570 | 16.1 years |
| 18 kW | $3.25 | $40,920 | $24,031 | 15.8 years |
| 20 kW | $3.18 | $44,478 | $27,690 | 15.4 years |
How to Save on Solar Panels
There are numerous companies available in Yardville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Yardville, NJ Solar Cost FAQs
How much does it cost to install solar panels in Yardville?
The average cost of solar panels in Yardville is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $721.68 per year.
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 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.