Solar Panel Cost Guide in Bradley Gardens, NJ (2024 Update)
- Bradley Gardens Solar Installation Cost: $11,701
- 25-Year Savings: $7,835
- Payback Period: 17.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Bradley Gardens
Here’s how much it might cost to go solar in Bradley Gardens.
Although the national average of solar panels is $2.66 per watt, solar panels in Bradley Gardens typically cost around 4.Using this figure, a typical 4.7-kW system would cost about $11,701 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Bradley Gardens based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Despite the large initial cost, the average Bradley Gardens homeowner can save around $14,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a pre-vetted solar installation company in Bradley Gardens, you can click the button below.
Solar savings over time in Bradley Gardens
Year | Return on Investment |
---|---|
1 years | $-10,642 |
3 years | $-8,524 |
5 years | $-6,405 |
7 years | $-4,287 |
9 years | $-2,168 |
11 years | $-50 |
13 years | $2,068 |
15 years | $4,187 |
17 years | $6,305 |
19 years | $8,424 |
21 years | $10,542 |
23 years | $12,660 |
25 years | $14,779 |
Top Solar Installers in Bradley Gardens
Many homeowners decide to use a solar panel company since trying to put up solar panels on your own can be a labor-intensive endeavor. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Bradley Gardens, the EcoWatch team has put together a list of our top suggestions here:
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 Bradley Gardens
Factors that Affect Solar Panel Costs in Bradley Gardens
The cost of installing a solar system in Bradley Gardens can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Bradley Gardens homeowners opt to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make switching to solar energy more accessible for Bradley Gardens homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect the cost. Bradley Gardens’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $6,142 | 17.9 years |
8 kW | $3.60 | $20,163 | $8,585 | 17.5 years |
10 kW | $3.53 | $24,710 | $11,225 | 17.2 years |
12 kW | $3.46 | $29,059 | $14,064 | 16.8 years |
14 kW | $3.39 | $33,210 | $17,099 | 16.5 years |
16 kW | $3.32 | $37,164 | $20,333 | 16.2 years |
18 kW | $3.25 | $40,920 | $23,764 | 15.8 years |
20 kW | $3.18 | $44,478 | $27,393 | 15.5 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Long-standing companies 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.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which company you should choose, since different companies have 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 Bradley Gardens, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Bradley Gardens?
This is a tough question to answer precisely, 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Bradley Gardens?
Leasing solar panels can be an appealing choice, as 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Bradley Gardens have a net metering program?
Most states have net metering programs of some kind. Through these, you can either get paid 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.