Home Solar Panels Cost Nj

As of sep 2020 the average cost of solar panels in new jersey is 2 77 per watt making a typical 6000 watt 6 kw solar system 12 277 after claiming the 26 federal solar tax credit now available.

Home solar panels cost nj.

How much do solar panels cost in new jersey. If you want to own your solar panels you can choose to pay that cost with cash or take a loan. In the state of new jersey the average cost of solar panel installation ranges from 12 240 to 16 560. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives.

That cost comes down quickly when you consider the tax credits and other incentives available. Solar panel cost in new jersey the average cost for an installed residential solar system in new jersey is currently 12 277 after claiming the 26 federal solar tax credit. A critical calculation for potential solar buyers is the solar payback period. Solar panel installation costs in new jersey are generally between 12k 15k after rebates and tax credits.

This is 2 77 per watt. For the average sized 7 2 kw solar panel system in new jersey the cost comes out to about 3 20 per watt or 23 040 before incentives. The cost of solar panels to power your house are 4 to 10 per square foot. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

On a cost per watt w basis a solar panel installation in new jersey ranges in price from 2 45 to 3 31.