Solar Panel Cost Guide in Readington, NJ (2024 Update)
- Readington Solar Installation Cost: $11,751
- 25-Year Savings: $7,379
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Readington
Let’s take a look at the average cost of solar in Readington.
The national average cost of solar panels is $2.66 per watt, but in Readington it’s 4 per watt.The average solar panel system size in Readington is around 4.8 kilowatts, meaning a cost of about $11,751 for a solar installation, or $16,804 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Readington can save about $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Readington for a quote for your home.
Solar savings over time in Readington
| Year | Return on Investment |
|---|---|
| 1 years | $-10,692 |
| 3 years | $-8,574 |
| 5 years | $-6,455 |
| 7 years | $-4,337 |
| 9 years | $-2,218 |
| 11 years | $-100 |
| 13 years | $2,018 |
| 15 years | $4,137 |
| 17 years | $6,255 |
| 19 years | $8,374 |
| 21 years | $10,492 |
| 23 years | $12,610 |
| 25 years | $14,729 |
Top Solar Installers in Readington
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make converting to solar power much easier. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t certain which solar company to go with, here are our suggestions for providers near you:
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 Readington
Factors that Affect Solar Panel Costs in Readington
While the average cost of a solar system in Readington is $11,751, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,530.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Readington, 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
Most solar installers in Readington have solar loans, which reduce the initial cost of installing solar panels.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can affect your pricing. Readington’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $5,525 | 18.4 years |
| 8 kW | $3.60 | $20,163 | $7,762 | 18.1 years |
| 10 kW | $3.53 | $24,710 | $10,196 | 17.7 years |
| 12 kW | $3.46 | $29,059 | $12,829 | 17.3 years |
| 14 kW | $3.39 | $33,210 | $15,659 | 17.0 years |
| 16 kW | $3.32 | $37,164 | $18,686 | 16.6 years |
| 18 kW | $3.25 | $40,920 | $21,912 | 16.3 years |
| 20 kW | $3.18 | $44,478 | $25,335 | 15.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
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 Readington, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Readington?
The average cost of solar panels in Readington 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Readington?
Solar panels aren’t free in Readington, 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 Readington have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 account for 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.