Solar Panel Cost Guide in Lincoln Park, NJ (2024 Update)

  • Lincoln Park Solar Installation Cost: $11,808
  • 25-Year Savings: $7,751
  • Payback Period: 17.3 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 Lincoln Park

Find out what the average cost of a solar system is in Lincoln Park.

The average cost of a solar system in Lincoln Park is 4 per watt.Because a 4.8-kW system is needed to cover the energy costs of a typical home in Lincoln Park, the average price of going solar will be about $11,808 after claiming the federal solar tax credit of 0.

Bear in mind that the figures above are only estimates based on the average Lincoln Park homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Lincoln Park find investing in solar can pay off big.

For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Lincoln Park

Year Return on Investment
1 years $-10,749
3 years $-8,630
5 years $-6,512
7 years $-4,394
9 years $-2,275
11 years $-157
13 years $1,962
15 years $4,080
17 years $6,198
19 years $8,317
21 years $10,435
23 years $12,554
25 years $14,672

Top Solar Installers in Lincoln Park

Many homeowners decide to use a solar installer since figuring out how to install solar panels yourself can be challenging. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

There are a number of licensed solar professionals that can install solar panels for you. 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 Lincoln Park

Factors that Affect Solar Panel Costs in Lincoln Park

Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Lincoln Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

The size of the solar energy system you need for your home, 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 around $3,530. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar installers in Lincoln Park provide solar loans, which reduce your upfront costs of installing solar.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Lincoln Park, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 $5,947 18.0 years
8 kW $3.60 $20,163 $8,325 17.7 years
10 kW $3.53 $24,710 $10,901 17.3 years
12 kW $3.46 $29,059 $13,674 17.0 years
14 kW $3.39 $33,210 $16,645 16.7 years
16 kW $3.32 $37,164 $19,813 16.3 years
18 kW $3.25 $40,920 $23,180 16.0 years
20 kW $3.18 $44,478 $26,744 15.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:

  • Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Contract: When reading over your solar company’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 if the company goes out of business.
  • Warranty: If you’re worried about the endurance of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.

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 Lincoln Park, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Lincoln Park?

This is a difficult 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Are solar panels free in Lincoln Park?

Solar panels aren’t free in Lincoln Park, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lincoln Park is currently $461,815, which means you could be looking at a value of about $18,934 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lincoln Park is a rewarding investment.

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

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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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