Solar Panel Cost Guide in Lindenwold, NJ (2024 Update)
- Lindenwold Solar Installation Cost: $11,511
- 25-Year Savings: $11,273
- Payback Period: 14.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lindenwold
We go over average solar pricing in Lindenwold.
The national average cost of solar panels is $2.66 per watt, but in Lindenwold it’s 4 per watt.Since a 4.7-kW system is needed to cover the energy costs of a typical home in Lindenwold, the average price of going solar will be about $11,511 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you may differ based on the amount of energy your home requires and what company you choose to go with.Despite the significant upfront cost, the average Lindenwold homeowner can save about $17,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar installer in Lindenwold for a quote for your home.
Solar savings over time in Lindenwold
| Year | Return on Investment |
|---|---|
| 1 years | $-10,012 |
| 3 years | $-7,016 |
| 5 years | $-4,020 |
| 7 years | $-1,023 |
| 9 years | $1,973 |
| 11 years | $4,969 |
| 13 years | $7,966 |
| 15 years | $10,962 |
| 17 years | $13,959 |
| 19 years | $16,955 |
| 21 years | $19,951 |
| 23 years | $22,948 |
| 25 years | $25,944 |
Top Solar Installers in Lindenwold
Although you can install solar panels on your own, it requires extra energy and knowledge. For that reason, most people choose to hire a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.
Working with a licensed solar installer can make going solar easier. 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 Lindenwold
Factors that Affect Solar Panel Costs in Lindenwold
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Lindenwold: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need, 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. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Lindenwold, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lindenwold to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment 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 | $10,735 | 14.7 years |
| 8 kW | $3.60 | $20,163 | $14,709 | 14.5 years |
| 10 kW | $3.53 | $24,710 | $18,880 | 14.2 years |
| 12 kW | $3.46 | $29,059 | $23,249 | 13.9 years |
| 14 kW | $3.39 | $33,210 | $27,816 | 13.6 years |
| 16 kW | $3.32 | $37,164 | $32,580 | 13.3 years |
| 18 kW | $3.25 | $40,920 | $37,542 | 13.0 years |
| 20 kW | $3.18 | $44,478 | $42,702 | 12.8 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Lindenwold, NJ Solar Cost FAQs
How much does it cost to install solar panels in Lindenwold?
The average cost of solar panels in Lindenwold is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Lindenwold?
You can’t get solar panels for free in Lindenwold. 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’d rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Lindenwold?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Lindenwold?
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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.