The Cost of Solar Panels in NJ
Homeowners across New Jersey are making the switch to solar energy as the cost of solar panels in New Jersey has become more and more affordable in recent years. The following guide covers everything you need to know about the cost of solar panels in New Jersey.
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How Much Do Solar Panels Cost In New Jersey?
As of February 2023, the average cost of solar panels in New Jersey is between $11,815 to $15,985 before applying NJ solar incentives. That means the average cost per watt for solar panel installation in NJ is about $2.76 per watt. This is cheaper than the national average of $3.00 to $5.00 per watt. Fortunately, these costs can be reduced significantly by working with a state-licensed specialist to apply for solar incentives and programs. It is even possible to get your solar panel system installed for FREE in New Jersey, with no money down.
YouTube video guide: How To Get Free Solar Panels Installed In NJ.
New Jersey solar panels cost less than surrounding states thanks to the efforts of the New Jersey law makers and The Department of Environmental Protection. In total, New Jersey has invested over $12 Billion in solar and continues to be a leader in progressive solar policies. Most recently The Board of Public Utilities helped start the Competitive Solar Incentive program to help further reduce the cost of solar for New Jersey residents.
REMEMBER, these costs can be reduced significantly if you work with a state-licensed specialist to apply for solar incentives and programs that often make solar panel installations free. See what NJ solar incentives and discounts you qualify for in minutes!
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The following table shows average cost of solar panels in New Jersey, based on the size of the solar system.
| System Size | Avg. Cost Before Incentives | Avg. Cost After Incentives |
|---|---|---|
| 3 kW | $8,280 | $6,127 |
| 4 kW | $11,040 | $8,170 |
| 5 kW | $13,800 | $10,212 |
| 7 kW | $19,320 | $14,297 |
| 10 kW | $27,600 | $20,424 |
| 12 kW | $33,120 | $24,509 |
Factors To Consider For Your Solar Installation
The numbers in this chart are a great guide to get an idea of the costs involved in installing solar panels, however the cost of solar in New Jersey can vary depending on a number of factors. Some of these factors are the size of your system, where you install your solar system (on the roof or on flat ground), how much solar you need, the types of solar panels you choose, and more.
How much energy you and your family use is a big factor when determining how much solar energy you need. Now, you can't put a solar panel on every part of your roof. You will have to work around the angles, chimneys, and vents. Some families decide to fence of a portion of their land to support solar panels. These are things to think about when installing solar panels because how much space you have will limit how many solar panels you can reasonable install. The ideal solar panel system size it the solar system that supports your families energy usage.
Unfortunately, solar panel systems are not "one size fits all". In order for you to truly know how much solar panels and solar installation costs, in your specific situation, you will need to speak with a solar professional who can do a thorough home assessment and go through your options.
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Is It Worth Getting Solar Panels In New Jersey?
Solar energy continues to be one of the best investments for New Jersey homeowners year after year. In fact, many NJ residents and business owners are able to save more than $30,000 in electricity costs by switching to solar. A high quality solar power system can help you save money on your energy costs for up to 30+ years. And the average solar system will pay itself off in less than 10 years!
With more than 200+ sunny days per year and industry leading solar incentives, New Jersey continues to be one of the best states to install solar panels. In fact, New Jersey ranked #8 out of all of the states in 2021 in the National Solar Rankings. A big reason behind that is their progressive solar incentives. Some of these New Jersey solar incentives include Sales and Property tax exemptions, Federal Solar Tax Credit, and Solar rebates. New Jersey also has many more programs to help discount solar and pay you back for powering your home with solar. These programs include Net Metering programs that pay you solar renewable energy certificates and Power purchase agreements that can help you install solar panels for zero down.
Related: Are Solar Panels Worth It In NJ?
The True Cost of YOUR Solar Panel System
In the end, the cost of solar in New Jersey will vary depending on your specific situation, wants, and needs. Fortunately, you can get a free solar quote to help find the best options for you and the EXACT cost for your home solar system, for free. With no obligations, this is where the path to solar starts.
At EcoGen America we are dedicated to helping New Jersey home and business owners evaluate their solar options and provide the highest quality solar systems, at the cheapest possible price. Contact us to speak with our local New Jersey solar experts and get a FREE savings quote today!
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For an average-sized residential home (6kW-8kW system) the average cost is between $12,000 and $16,000 after utilizing the NJ Solar Tax Credit. Many New Jersey residents qualify for additional solar incentives to help reduce the costs of solar installation. Find out if your home can qualify for solar incentives in NJ.
In 2022, the average cost of solar panels in NJ is between $12,000-$15,000. This depends on the size of the solar system and the type of solar panels used. There are several NJ solar incentive programs to help reduce the costs of solar for New Jersey residents.
According to official industry data for 2022, the average cost of a solar panel installation in New Jersey before applying for solar incentives ranges between $11,815 to $15,985. That means the average cost per watt for solar panel installation in NJ is about $2.76 per watt.
REMEMBER, these costs can be reduced significantly if you work with a state-licensed specialist like us to apply for programs that often make solar panel installations FREE!
Solar energy continues to be one of the best investments for New Jersey homeowners year after year. In fact, many NJ residents and business owners are able to save more than $30,000 in electricity costs by switching to solar.
