Solar Panel Cost Guide in Barnegat, NJ (2024 Update)
- Barnegat Solar Installation Cost: $10,964
- 25-Year Savings: $9,772
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Barnegat
Find out how much it might cost to make the switch to solar in Barnegat.
While the national average of solar panels is $2.66 per watt, solar panels in Barnegat typically cost about 4.Using this figure, a typical 4.4-kW system would cost about $10,964 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Barnegat see about $16,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar company in Barnegat, you can click the button below.
Solar savings over time in Barnegat
| Year | Return on Investment |
|---|---|
| 1 years | $-9,466 |
| 3 years | $-6,470 |
| 5 years | $-3,474 |
| 7 years | $-477 |
| 9 years | $2,519 |
| 11 years | $5,516 |
| 13 years | $8,512 |
| 15 years | $11,508 |
| 17 years | $14,505 |
| 19 years | $17,501 |
| 21 years | $20,498 |
| 23 years | $23,494 |
| 25 years | $26,490 |
Top Solar Installers in Barnegat
Although you can install solar panels on your own, it takes extra energy and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company as well, which can save you more money after your initial investment.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Barnegat
Factors that Affect Solar Panel Costs in Barnegat
The cost of installing a solar system in Barnegat can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,530 per kilowatt in Barnegat.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Barnegat to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut 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 car 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 | $3.67 | $15,419 | $9,429 | 15.5 years |
| 8 kW | $3.60 | $20,163 | $12,967 | 15.2 years |
| 10 kW | $3.53 | $24,710 | $16,703 | 14.9 years |
| 12 kW | $3.46 | $29,059 | $20,636 | 14.6 years |
| 14 kW | $3.39 | $33,210 | $24,768 | 14.3 years |
| 16 kW | $3.32 | $37,164 | $29,097 | 14.0 years |
| 18 kW | $3.25 | $40,920 | $33,623 | 13.7 years |
| 20 kW | $3.18 | $44,478 | $38,348 | 13.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Companies that have been in business for many years likely have a solid 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.
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 Barnegat, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Barnegat?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 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 home 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.