Solar Panel Cost Guide in Turnersville, NJ (2024 Update)

  • Turnersville Solar Installation Cost: $11,485
  • 25-Year Savings: $11,293
  • Payback Period: 14.1 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

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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 Turnersville

Let’s have a look at the average cost of solar in Turnersville.

In Turnersville, solar panels cost about 4 per watt on average.Using this figure, a typical 4.6-kW system would cost about $11,485 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Turnersville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $17,000 over 20 years on power bills.

Click the button below to get connected to a reputable solar company in your area for a custom estimate.

Solar savings over time in Turnersville

Year Return on Investment
1 years $-9,987
3 years $-6,990
5 years $-3,994
7 years $-998
9 years $1,999
11 years $4,995
13 years $7,992
15 years $10,988
17 years $13,984
19 years $16,981
21 years $19,977
23 years $22,973
25 years $25,970

Top Solar Installers in Turnersville

When switching to solar energy, many homeowners prefer to use a solar installer since overseeing your solar installation yourself can be a difficult project. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.

If you're searching for a solar company in Turnersville, the EcoWatch team has put together a list of our top suggestions here:

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 Turnersville

Factors that Affect Solar Panel Costs in Turnersville

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Turnersville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Turnersville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,530 for each additional kilowatt you need.The type of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think 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 searching for a solar system that’s in your budget.

Solar Financing Terms

If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.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 lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installation company you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 $10,794 14.7 years
8 kW $3.60 $20,163 $14,787 14.4 years
10 kW $3.53 $24,710 $18,978 14.1 years
12 kW $3.46 $29,059 $23,366 13.9 years
14 kW $3.39 $33,210 $27,953 13.6 years
16 kW $3.32 $37,164 $32,737 13.3 years
18 kW $3.25 $40,920 $37,718 13.0 years
20 kW $3.18 $44,478 $42,898 12.7 years

How to Save on Solar Panels

The solar panel company you go with will be a major factor in determining not only your total costs, but also the types 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, such as:

  • Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.

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 Turnersville, NJ Solar Cost FAQs

How much does it cost to install solar panels in Turnersville?

This is a hard question to answer exactly, 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Is it better to lease or buy solar panels in Turnersville?

Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.

Is going solar worth it?

Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

How long do solar panels last in Turnersville?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.

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