Solar Panel Cost Guide in Point Pleasant, NJ (2024 Update)

  • Point Pleasant Solar Installation Cost: $10,964
  • 25-Year Savings: $15,515
  • Payback Period: 16.9 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

Why you can trust EcoWatch

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 Point Pleasant

We go over average solar pricing in Point Pleasant.

The national average cost of solar panels is $2.66 per watt, but in Point Pleasant it’s 4 per watt.The average solar panel system size in Point Pleasant is around 4.4 kilowatts, meaning a cost of about $10,964 for a solar installation, or $15,679 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 look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average Point Pleasant homeowners see about $14,000 in savings on utility bills over 20 years.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Point Pleasant

Year Return on Investment
1 years $-9,905
3 years $-7,787
5 years $-5,668
7 years $-3,550
9 years $-1,432
11 years $687
13 years $2,805
15 years $4,923
17 years $7,042
19 years $9,160
21 years $11,279
23 years $13,397
25 years $15,515

Top Solar Installers in Point Pleasant

When going solar, many homeowners opt to hire a solar installer since putting up a solar system yourself can be a challenging project. Also, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.

If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations for providers near you:

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 Point Pleasant

Factors that Affect Solar Panel Costs in Point Pleasant

For many Point Pleasant homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Point Pleasant, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,530 per kilowatt in Point Pleasant.The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Point Pleasant homeowners opt to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make switching to solar energy more accessible for Point Pleasant homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

A final factor to consider when trying to figure out the cost of solar for your home or business in Point Pleasant is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.

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 $6,464 17.6 years
8 kW $3.60 $20,163 $9,014 17.3 years
10 kW $3.53 $24,710 $11,762 16.9 years
12 kW $3.46 $29,059 $14,708 16.6 years
14 kW $3.39 $33,210 $17,851 16.3 years
16 kW $3.32 $37,164 $21,192 15.9 years
18 kW $3.25 $40,920 $24,730 15.6 years
20 kW $3.18 $44,478 $28,466 15.2 years

How to Save on Solar Panels

There are a lot of companies available in Point Pleasant, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.

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 Point Pleasant, NJ Solar Cost FAQs

What is the average cost of installing solar panels in Point Pleasant?

This is a difficult question to answer precisely, because the cost depends on many 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 consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Point Pleasant?

A solar panel system isn’t free in Point Pleasant, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How will having solar panels impact my home value?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Point Pleasant is currently $609,747, so you can look forward to a value of about $25,000 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Point Pleasant is a worthwhile investment.

How long do solar panels last in Point Pleasant?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.

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.

Follow us