Solar Panel Cost Guide in Gibbstown, NJ (2024 Update)

  • Gibbstown Solar Installation Cost: $11,485
  • 25-Year Savings: $13,749
  • Payback Period: 12.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Gibbstown

We go over average solar pricing in Gibbstown.

While the national average of solar panels is $2.66 per watt, solar panels in Gibbstown generally cost about 4.Using this figure, a typical 4.6-kW system would cost about $11,485 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Gibbstown homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Gibbstown see about $19,000 in savings on energy bills over 20 years.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Gibbstown

Year Return on Investment
1 years $-9,987
3 years $-6,990
5 years $-3,994
7 years $-998
9 years $1,999
11 years $4,995
13 years $7,992
15 years $10,988
17 years $13,984
19 years $16,981
21 years $19,977
23 years $22,973
25 years $25,970

Top Solar Installers in Gibbstown

When switching to solar energy, many homeowners choose to go with a solar installer since installing a solar system yourself can be a difficult project. Some solar installers, especially local ones, can help you make the most of incentives in Gibbstown, thereby optimizing your ROI.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Gibbstown

Factors that Affect Solar Panel Costs in Gibbstown

There are several factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, 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 type 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. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Gibbstown average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Gibbstown, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total 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

Lastly, the company you get to install your solar system can impact your pricing. Gibbstown’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Gibbstown have more knowledge 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 help you save 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 $13,963 13.1 years
8 kW $3.60 $20,163 $19,013 12.9 years
10 kW $3.53 $24,710 $24,260 12.6 years
12 kW $3.46 $29,059 $29,705 12.4 years
14 kW $3.39 $33,210 $35,348 12.1 years
16 kW $3.32 $37,164 $41,188 11.9 years
18 kW $3.25 $40,920 $47,226 11.6 years
20 kW $3.18 $44,478 $53,462 11.4 years

How to Save on Solar Panels

The solar installer you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:

  • Reputation: Companies that have been in business for many years likely have a good 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 support, such as part repairs and replacements.
  • Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • 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.
  • Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Gibbstown, NJ Solar Cost FAQs

How much does it cost to install solar panels in Gibbstown?

The average cost of solar panels in Gibbstown is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Gibbstown?

You can’t get solar panels for free in Gibbstown. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Gibbstown?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.

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