Solar Panel Cost Guide in Camden, NY (2024 Update)
- Camden Solar Installation Cost: $11,803
- 25-Year Savings: $6,667
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Camden
Let’s take a look at the average cost of solar in Camden.
Although the national average of solar panels is $2.66 per watt, solar panels in Camden typically cost around 4.The average Camden homeowner needs a 4.6-kilowatt system, which would cost about $11,803 with the federal tax credit, or $16,878 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.With typical savings of about $13,000 on power bills over 20 years, many homeowners in Camden find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Camden
| Year | Return on Investment |
|---|---|
| 1 years | $-10,895 |
| 3 years | $-9,078 |
| 5 years | $-7,261 |
| 7 years | $-5,443 |
| 9 years | $-3,626 |
| 11 years | $-1,809 |
| 13 years | $8 |
| 15 years | $1,825 |
| 17 years | $3,642 |
| 19 years | $5,459 |
| 21 years | $7,277 |
| 23 years | $9,094 |
| 25 years | $10,911 |
Top Solar Installers in Camden
Trying to put up solar panels by yourself can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Camden, optimizing your ROI.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Camden
Factors that Affect Solar Panel Costs in Camden
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Camden: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Camden.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Camden to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.It’s wise to add 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 consideration when trying to estimate the cost of solar for your home or business in Camden is the company you hire to install your solar system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Some companies 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 with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you want 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 | $3.80 | $15,943 | $5,106 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,217 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,532 | 18.2 years |
| 12 kW | $3.58 | $30,047 | $12,051 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,775 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,704 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $20,836 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $24,174 | 16.4 years |
How to Save on Solar Panels
There are a lot of companies available in Camden, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Camden, NY Solar Cost FAQs
How much does it cost to install solar panels in Camden?
The average cost of solar panels in Camden is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Camden?
A solar panel system isn’t free in Camden, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Camden, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.