Solar Panel Cost Guide in Atlantic Highlands, NJ (2024 Update)
- Atlantic Highlands Solar Installation Cost: $11,170
- 25-Year Savings: $7,419
- Payback Period: 17.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Atlantic Highlands
We go over average solar pricing in Atlantic Highlands.
In Atlantic Highlands, solar panels cost about 4 per watt on average.Since a 4.5-kW system is needed to cover the energy costs of a typical home in Atlantic Highlands, the average price of going solar will be about $11,170 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.With average savings of about $14,000 on utility bills over 20 years, many homeowners in Atlantic Highlands find going solar can pay off big.
Click the button below to get connected to a vetted solar panel company in Atlantic Highlands for a personalized quote.
Solar savings over time in Atlantic Highlands
Year | Return on Investment |
---|---|
1 years | $-10,111 |
3 years | $-7,992 |
5 years | $-5,874 |
7 years | $-3,755 |
9 years | $-1,637 |
11 years | $481 |
13 years | $2,600 |
15 years | $4,718 |
17 years | $6,837 |
19 years | $8,955 |
21 years | $11,073 |
23 years | $13,192 |
25 years | $15,310 |
Top Solar Installers in Atlantic Highlands
Many homeowners choose to use a solar panel installer since trying to put up solar panels by yourself can be a lot of work. The expertise that solar companies offer can be helpful as well, especially if you don’t quite know what kind of solar equipment would be right for your home.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers near you:
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 Atlantic Highlands
Factors that Affect Solar Panel Costs in Atlantic Highlands
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,530.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 over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Atlantic Highlands average.
Solar Financing Terms
Many homeowners find the average cost of solar in Atlantic Highlands to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.Even though solar loans make adopting solar energy more accessible for Atlantic Highlands homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can affect how much you pay. Atlantic Highlands’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Atlantic Highlands know more about local solar incentives and can help you make good use 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 | $6,062 | 17.9 years |
8 kW | $3.60 | $20,163 | $8,478 | 17.6 years |
10 kW | $3.53 | $24,710 | $11,092 | 17.3 years |
12 kW | $3.46 | $29,059 | $13,903 | 16.9 years |
14 kW | $3.39 | $33,210 | $16,912 | 16.6 years |
16 kW | $3.32 | $37,164 | $20,119 | 16.2 years |
18 kW | $3.25 | $40,920 | $23,524 | 15.9 years |
20 kW | $3.18 | $44,478 | $27,126 | 15.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should choose, since different companies offer different panels.
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 Atlantic Highlands, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Atlantic Highlands?
The average cost of solar panels in Atlantic Highlands is about $17,650 for a 5-kW system and $35,300 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 consume.
Are solar panels free in Atlantic Highlands?
You can’t get solar panels for free in Atlantic Highlands. However, you may still be able to get 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 Atlantic Highlands?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates 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 do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.