Solar Panel Cost Guide in Woodland Park, NJ (2024 Update)

  • Woodland Park Solar Installation Cost: $11,798
  • 25-Year Savings: $8,592
  • Payback Period: 16.5 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 Woodland Park

Let’s have a look at the average cost of solar panels in Woodland Park.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Woodland Park, the average cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Woodland Park, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs around $11,798, or $16,871 before the federal solar tax credit of 0 is applied.

These figures are only estimates, and how much solar costs for you may vary based on factors unique to your home and what company you go with.Even with the large upfront cost, the average Woodland Park homeowner can save around $14,000 on their power bills over 20 years, which is one of the benefits of solar.

To get a free estimate from a vetted solar installation company in Woodland Park, you can click the button below.

Solar savings over time in Woodland Park

Year Return on Investment
1 years $-10,376
3 years $-7,531
5 years $-4,686
7 years $-1,841
9 years $1,003
11 years $3,848
13 years $6,693
15 years $9,537
17 years $12,382
19 years $15,227
21 years $18,072
23 years $20,916
25 years $23,761

Top Solar Installers in Woodland Park

Although it's possible to install solar panels by yourself, it takes extra effort and expertise. Because of that, most homeowners choose a solar panel installer. The expertise that solar companies provide can be useful as well, especially if you don’t quite know what kind of solar equipment would be right for your home.

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 Woodland Park

Factors that Affect Solar Panel Costs in Woodland Park

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Woodland Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly 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 pay around $3,530 per kilowatt in Woodland Park.The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to decide on 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 for a solar system that’s in your budget.

Solar Financing Terms

Most solar installers in Woodland Park have solar loans, which reduce your upfront costs of installing a solar system.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installer you select will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Companies that 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 with an above-average cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also fits 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 $7,013 17.2 years
8 kW $3.60 $20,163 $9,745 16.9 years
10 kW $3.53 $24,710 $12,676 16.5 years
12 kW $3.46 $29,059 $15,804 16.2 years
14 kW $3.39 $33,210 $19,130 15.9 years
16 kW $3.32 $37,164 $22,654 15.5 years
18 kW $3.25 $40,920 $26,375 15.2 years
20 kW $3.18 $44,478 $30,294 14.9 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should go with, since different companies provide different panels.
  • Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.

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 Woodland Park, NJ Solar Cost FAQs

How much does it cost to install solar panels in Woodland Park?

The average cost of solar panels in Woodland Park 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 type of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Woodland Park?

You can’t get solar panels for free in Woodland Park. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase your home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Woodland Park is currently $546,366, which means you could be looking at a value of about $22,401 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Woodland Park is a rewarding investment.

How often do you have to replace solar panels?

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.

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