Solar Panel Cost Guide in Morris Plains, NJ (2024 Update)
- Morris Plains Solar Installation Cost: $11,808
- 25-Year Savings: $6,918
- Payback Period: 18.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Morris Plains
We go over average solar pricing in Morris Plains.
In Morris Plains, solar panels cost about 4 per watt on average.Because a 4.8-kW system is needed to cover the energy consumption of a typical home in Morris Plains, the average price of going solar will be about $11,808 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.With average savings of about $13,000 on utility bills over 20 years, many homeowners in Morris Plains find going solar can pay off big.
To receive a free estimate from a vetted solar installer in Morris Plains, you can click the button below.
Solar savings over time in Morris Plains
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 Morris Plains
Although you can install solar panels yourself, it involves extra time and expertise. That's why most people choose a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're searching for a solar company in Morris Plains, the EcoWatch team has put together 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 Morris Plains
Factors that Affect Solar Panel Costs in Morris Plains
Although the average cost of a solar system in Morris Plains is $11,808, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Morris Plains to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest.Although solar loans make switching to solar energy more accessible for Morris Plains homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence how much you pay. Morris Plains’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $4,901 | 19.0 years |
8 kW | $3.60 | $20,163 | $6,930 | 18.6 years |
10 kW | $3.53 | $24,710 | $9,157 | 18.2 years |
12 kW | $3.46 | $29,059 | $11,581 | 17.9 years |
14 kW | $3.39 | $33,210 | $14,203 | 17.5 years |
16 kW | $3.32 | $37,164 | $17,023 | 17.1 years |
18 kW | $3.25 | $40,920 | $20,041 | 16.8 years |
20 kW | $3.18 | $44,478 | $23,256 | 16.4 years |
How to Save on Solar Panels
There are numerous companies available in Morris Plains, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Companies that have been operating 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 adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, 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 Morris Plains, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Morris Plains?
The average cost of solar panels in Morris Plains 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important 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 trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Morris Plains?
Although 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 choose 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.