Solar Panel Cost Guide in Hainesport, NJ (2024 Update)
- Hainesport Solar Installation Cost: $11,389
- 25-Year Savings: $8,913
- Payback Period: 16.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Hainesport
See how much it might cost to make the switch to solar in Hainesport.
The average cost of solar panels in Hainesport is 4 per watt.The average solar panel system size in Hainesport is around 4.6 kilowatts, meaning a cost of about $11,389 for a solar installation, or $16,286 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may vary based on your specific situation and what company you choose to go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Hainesport can save around $15,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hainesport
Year | Return on Investment |
---|---|
1 years | $-9,967 |
3 years | $-7,122 |
5 years | $-4,278 |
7 years | $-1,433 |
9 years | $1,412 |
11 years | $4,257 |
13 years | $7,101 |
15 years | $9,946 |
17 years | $12,791 |
19 years | $15,636 |
21 years | $18,480 |
23 years | $21,325 |
25 years | $24,170 |
Top Solar Installers in Hainesport
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. Because of that, most people choose a solar panel installer. The payback period of solar panels will vary based on factors like your roof configuration and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Hainesport
Factors that Affect Solar Panel Costs in Hainesport
Though the average cost of a solar system in Hainesport is $11,389, your actual cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,530 per kilowatt in Hainesport.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Hainesport homeowners choose to finance their solar panel systems to make going solar more affordable.Though solar loans make going solar more accessible for Hainesport homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Hainesport is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different costs.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 | $7,817 | 16.6 years |
8 kW | $3.60 | $20,163 | $10,819 | 16.3 years |
10 kW | $3.53 | $24,710 | $14,017 | 16.0 years |
12 kW | $3.46 | $29,059 | $17,414 | 15.6 years |
14 kW | $3.39 | $33,210 | $21,008 | 15.3 years |
16 kW | $3.32 | $37,164 | $24,800 | 15.0 years |
18 kW | $3.25 | $40,920 | $28,790 | 14.7 years |
20 kW | $3.18 | $44,478 | $32,977 | 14.4 years |
How to Save on Solar Panels
There are numerous companies available in Hainesport, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Hainesport, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Hainesport?
The average cost of solar panels in Hainesport 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 consume.
Can you get solar panels for free in Hainesport?
You can’t get solar panels for free in Hainesport. However, you may still be able to afford 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.
Does Hainesport have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Hainesport?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.