Solar Panel Cost Guide in Egg Harbor, NJ (2024 Update)
- Egg Harbor Solar Installation Cost: $11,064
- 25-Year Savings: $14,078
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Egg Harbor
We break down average solar pricing in Egg Harbor.
The national average cost of solar panels is $2.66 per watt, but in Egg Harbor it’s 4 per watt.To account for the typical energy usage of the average home in Egg Harbor, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,064, or $15,822 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and how much solar costs for you may look different based on the amount of energy your home requires and what company you choose to go with.Even with the high upfront cost, the average Egg Harbor homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar installer in your area for a personalized estimate.
Solar savings over time in Egg Harbor
| Year | Return on Investment |
|---|---|
| 1 years | $-9,566 |
| 3 years | $-6,570 |
| 5 years | $-3,574 |
| 7 years | $-577 |
| 9 years | $2,419 |
| 11 years | $5,416 |
| 13 years | $8,412 |
| 15 years | $11,408 |
| 17 years | $14,405 |
| 19 years | $17,401 |
| 21 years | $20,397 |
| 23 years | $23,394 |
| 25 years | $26,390 |
Top Solar Installers in Egg Harbor
Trying to put up solar panels by yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you go with a solar contractor as well, which can save you more money over time.
There are various 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 Egg Harbor
Factors that Affect Solar Panel Costs in Egg Harbor
For many Egg Harbor homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Egg Harbor, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,530. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Egg Harbor average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Egg Harbor, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.Even though solar loans make going solar more accessible for Egg Harbor homeowners, they can also raise 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
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Egg Harbor, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you want and also fits within your budget.
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 | $15,079 | 12.6 years |
| 8 kW | $3.60 | $20,163 | $20,501 | 12.4 years |
| 10 kW | $3.53 | $24,710 | $26,121 | 12.2 years |
| 12 kW | $3.46 | $29,059 | $31,938 | 11.9 years |
| 14 kW | $3.39 | $33,210 | $37,953 | 11.7 years |
| 16 kW | $3.32 | $37,164 | $44,165 | 11.4 years |
| 18 kW | $3.25 | $40,920 | $50,575 | 11.2 years |
| 20 kW | $3.18 | $44,478 | $57,183 | 10.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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 Egg Harbor, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Egg Harbor?
This is a difficult 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Egg Harbor?
Solar panels aren’t free in Egg Harbor, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Egg Harbor?
Most states have net metering programs of some kind. Through these, you can either be compensated 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 long do solar panels last in Egg Harbor?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.