Solar Panel Cost Guide in East Brunswick, NJ (2024 Update)
- East Brunswick Solar Installation Cost: $11,564
- 25-Year Savings: $8,151
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in East Brunswick
See how much it might cost to switch to solar power in East Brunswick.
The national average cost of solar panels is $2.66 per watt, but in East Brunswick it’s 4 per watt.Using this figure, a typical 4.7-kW system would cost about $11,564 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely look different based on your energy needs and what company you want to go with.With average savings of about $14,000 on energy bills over 20 years, many homeowners in East Brunswick find going solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in East Brunswick that can help you get a more accurate cost estimate for your home.
Solar savings over time in East Brunswick
Year | Return on Investment |
---|---|
1 years | $-10,360 |
3 years | $-7,951 |
5 years | $-5,542 |
7 years | $-3,133 |
9 years | $-724 |
11 years | $1,685 |
13 years | $4,094 |
15 years | $6,503 |
17 years | $8,912 |
19 years | $11,321 |
21 years | $13,730 |
23 years | $16,138 |
25 years | $18,547 |
Top Solar Installers in East Brunswick
When making the switch to solar, many homeowners prefer to use a solar company since handling can be a challenging project. Some solar installers, particularly local ones, can help you make the most of incentives in East Brunswick, optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 East Brunswick
Factors that Affect Solar Panel Costs in East Brunswick
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in East Brunswick: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of 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. Plus, the type of equipment you choose 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many East Brunswick homeowners choose to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in East Brunswick is the company you get to install your solar system. As with choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.You may notice national solar installers that have lower prices due to 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 | $6,665 | 17.5 years |
8 kW | $3.60 | $20,163 | $9,282 | 17.1 years |
10 kW | $3.53 | $24,710 | $12,096 | 16.8 years |
12 kW | $3.46 | $29,059 | $15,109 | 16.4 years |
14 kW | $3.39 | $33,210 | $18,319 | 16.1 years |
16 kW | $3.32 | $37,164 | $21,726 | 15.8 years |
18 kW | $3.25 | $40,920 | $25,332 | 15.4 years |
20 kW | $3.18 | $44,478 | $29,135 | 15.1 years |
How to Save on Solar Panels
There are numerous companies available in East Brunswick, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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 East Brunswick, NJ Solar Cost FAQs
How much does it cost to install solar panels in East Brunswick?
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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does East Brunswick have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy 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?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.