Solar Panel Cost Guide in Jersey Shore, PA (Mar 2023)
- Jersey Shore Solar Installation Cost: $12,566
- 25-Year Savings: $13,779
- Payback Period: 11.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jersey Shore
Find out how much it might cost to go solar in Jersey Shore.
The average cost of a solar panel system in Jersey Shore is 2.55 per watt. The average Jersey Shore homeowner needs a 7.0-kilowatt system, which would cost about $12,566 with the federal tax credit, or $17,969 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Jersey Shore see about $14,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Jersey Shore
| Year | Return on Investment |
|---|---|
| 1 years | $-11,513 |
| 3 years | $-9,405 |
| 5 years | $-7,297 |
| 7 years | $-5,190 |
| 9 years | $-3,082 |
| 11 years | $-974 |
| 13 years | $1,133 |
| 15 years | $3,241 |
| 17 years | $5,349 |
| 19 years | $7,456 |
| 21 years | $9,564 |
| 23 years | $11,672 |
| 25 years | $13,779 |
Top Solar Installers in Jersey Shore
Although you can install solar panels on your own, it requires extra effort and handiness. For that reason, the majority of homeowners choose to hire a solar panel installer. Another advantage of utilizing a solar company is that they can help you maximize your investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're searching for a solar company in Jersey Shore, we've compiled 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 Jersey Shore
Factors that Affect Solar Panel Costs in Jersey Shore
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Jersey Shore: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need 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 $2,550. There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Jersey Shore, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Jersey Shore homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Jersey Shore is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $2.65 | $11,138 | $11,310 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,365 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,563 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $23,904 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,388 | 11.5 years |
| 16 kW | $2.40 | $26,846 | $33,015 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,784 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,697 | 10.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Jersey Shore, PA Solar Cost FAQs
How much does it cost to install solar panels in Jersey Shore?
The average cost of solar panels in Jersey Shore is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Jersey Shore?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $748.27 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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 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.