Solar Panel Cost Guide in Hardyston, NJ (2024 Update)
- Hardyston Solar Installation Cost: $11,874
- 25-Year Savings: $8,951
- Payback Period: 16.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Hardyston
Let’s take a look at the average cost of solar panels in Hardyston.
In Hardyston, solar panels cost about 4 per watt on average.The average Hardyston homeowner needs a 4.8-kilowatt system, which would cost about $11,874 with the federal tax credit, or $16,980 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Hardyston
Year | Return on Investment |
---|---|
1 years | $-10,815 |
3 years | $-8,696 |
5 years | $-6,578 |
7 years | $-4,460 |
9 years | $-2,341 |
11 years | $-223 |
13 years | $1,896 |
15 years | $4,014 |
17 years | $6,132 |
19 years | $8,251 |
21 years | $10,369 |
23 years | $12,488 |
25 years | $14,606 |
Top Solar Installers in Hardyston
Trying to install solar panels on your own can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Plus, if you’re not certain what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in Hardyston, we've organized 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 Hardyston
Factors that Affect Solar Panel Costs in Hardyston
The cost of installing a solar system in Hardyston can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,530. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hardyston average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Hardyston, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Hardyston, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Hardyston know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $7,391 | 16.9 years |
8 kW | $3.60 | $20,163 | $10,250 | 16.6 years |
10 kW | $3.53 | $24,710 | $13,306 | 16.2 years |
12 kW | $3.46 | $29,059 | $16,561 | 15.9 years |
14 kW | $3.39 | $33,210 | $20,012 | 15.6 years |
16 kW | $3.32 | $37,164 | $23,662 | 15.3 years |
18 kW | $3.25 | $40,920 | $27,509 | 14.9 years |
20 kW | $3.18 | $44,478 | $31,554 | 14.6 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Solar Panel Brands: Different companies offer various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Make sure you’re aligned with the installer regarding 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.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
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 Hardyston, NJ Solar Cost FAQs
How much does it cost to install solar panels in Hardyston?
The average cost of solar panels in Hardyston 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 type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Hardyston have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 household 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.