Solar Panel Cost Guide in Phillipsburg, NJ (2024 Update)
- Phillipsburg Solar Installation Cost: $11,855
- 25-Year Savings: $6,881
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Phillipsburg
See how much it might cost to go solar in Phillipsburg.
Although the national average of solar panels is $2.66 per watt, solar panels in Phillipsburg generally cost around 4.The average solar panel system size in Phillipsburg is around 4.8 kilowatts, meaning a cost of about $11,855 for a solar installation, or $16,953 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $13,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Phillipsburg that can help you get a more accurate cost estimate for your home.
Solar savings over time in Phillipsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,796 |
| 3 years | $-8,678 |
| 5 years | $-6,559 |
| 7 years | $-4,441 |
| 9 years | $-2,323 |
| 11 years | $-204 |
| 13 years | $1,914 |
| 15 years | $4,033 |
| 17 years | $6,151 |
| 19 years | $8,269 |
| 21 years | $10,388 |
| 23 years | $12,506 |
| 25 years | $14,625 |
Top Solar Installers in Phillipsburg
When going solar, many homeowners choose to use a solar installer since installing a solar system yourself can be a difficult project. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what brand of solar equipment you need.
If you're on the hunt for a solar installer in Phillipsburg, we've compiled 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 Phillipsburg
Factors that Affect Solar Panel Costs in Phillipsburg
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Phillipsburg: 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 household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,530. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Phillipsburg, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Phillipsburg, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $4,820 | 19.0 years |
| 8 kW | $3.60 | $20,163 | $6,822 | 18.7 years |
| 10 kW | $3.53 | $24,710 | $9,022 | 18.3 years |
| 12 kW | $3.46 | $29,059 | $11,419 | 17.9 years |
| 14 kW | $3.39 | $33,210 | $14,014 | 17.6 years |
| 16 kW | $3.32 | $37,164 | $16,807 | 17.2 years |
| 18 kW | $3.25 | $40,920 | $19,797 | 16.8 years |
| 20 kW | $3.18 | $44,478 | $22,985 | 16.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Phillipsburg, NJ Solar Cost FAQs
How much does it cost to install solar panels in Phillipsburg?
This is a hard question to answer precisely, 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 more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Phillipsburg?
Solar panels aren’t free in Phillipsburg, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Phillipsburg have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt 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.