What Is The True Cost Of Solar Panels In NJ?

Several factors impact the trust cost of solar panels in New Jersey, and Infinity Energy wants you to understand them. New Jersey has been a leader in switching to renewable energy. More property owners want to lower their monthly utility bills and lead more sustainable lifestyles, resulting in an increase in the number of photovoltaic panel (PV) installations. Additionally, solar installation costs have decreased by more than 30% over the last five years. These factors and more appealing solar costs make now a great time to install a residential solar system. However, you must understand what solar panels for your home cost and what impacts estimates in Hudson County and other NJ and NY areas.

Having this knowledge will help you find the best rates on reliable, high-quality rooftop system installations. Keep reading to learn more about the most significant factors impacting the cost of solar panels in NJ. Our organization is here to help residents in areas like Bergen County, Passaic County, Essex County, Union County, Middlesex County, and Morris County, NJ. You can also rely on us in Orange County and Rockland County, NY.

Your Location in NJ or NY

Your location plays a significant role in what your solar panels will cost in New Jersey. The impact of switching to renewable energy depends partially on which county you reside in. For example, installing a 5kW system in Cape May can vary in average installation costs when compared to going with solar energy in Bergen County, NJ. Additionally, after-tax credit reductions, many counties in New Jersey saw slightly more affordable rooftop installation rates. Furthermore, your region’s sun exposure also impacts your solar cost. For instance, your roof can generate electricity more efficiently at lower costs if it receives more direct sun exposure. Fortunately, New Jersey has an overall topography fitting efficient energy production very well. Your location definitely impacts the average cost of solar panels in NJ.

Solar Equipment

Solar equipment is another important factor influencing your solar panel costs in New Jersey. A contracting company will provide you with many options when selecting solar panels in Mahwah or Northern New Jersey. A prime example is choosing between polycrystalline and monocrystalline panel materials, both of which are types of silicon solar cells. Monocrystalline is usually more expensive because it tends to have a higher energy efficiency rating. Polycrystalline panels come at a lower cost because of their lower energy efficiency rating. Your installer may offer another tracking system, racking, and inverter options. We recommend asking them for company recommendations and researching each choice to select the best solar equipment cost for your residential installation in New Jersey.

Next, solar equipment is another factor that influences your NJ rooftop solar system cost. When selecting your solar panels in Mahwah or northern NJ, your contracting company provides you with many different options. For example, you typically have the choice between monocrystalline and polycrystalline panel materials. Both are types of silicon solar cells. However, monocrystalline tends to offer a higher energy efficiency rating. Thus, these are usually more expensive. Polycrystalline panels typically have a lower efficiency rating and lower cost. Your installer may also offer different inverter, racking, and tracking system options. Ask for company recommendations, and research each of your choices to obtain the best solar equipment cost for your New Jersey residential installation.

System Installation

System installations can vary in costs and represent the brunt of your solar expenses. Fortunately, manufacturers design most systems to last 20 years or longer. There may be some variations in rooftop install prices, depending on your solar system’s size. Without a doubt, you may encounter varying rates for labor between solar companies. Larger, more established solar companies may offer more in-depth expertise and experience installing systems in your area. Less overhead may also ensure you get a better rate on your project. System installation costs significantly impact your New Jersey solar panel costs.

Maintenance

At Infinity Energy, we understand your solar investment is an ongoing expense, and the cost of solar panels in NJ following installation can impact your decision. Maintenance is a significant contributing factor impacting your true solar price when installing a rooftop solar system. Fortunately, manufacturers engineer solar technology to withstand most of New Jersey’s weather conditions. For example, solar companies design some PV panels to absorb heat energy, so snow will melt and slide off your solar panels during a lighter winter storm. You may need to routinely remove debris from your panels by rinsing them with a garden hose. You may need to pay some companies a flat fee to clean your panels for you, while other companies might charge on a per-hour basis. Additional expenses might arise if your system gets damaged. Maintenance can impact your solar system’s true cost in this way.

Solar Incentives

Your solar price may vary depending on solar incentive programs in New Jersey. These programs can save you money every year on your energy cost. For example, you can sell back your unused solar energy to your utility company through New Jersey’s Transitional Renewable Energy Credits (TRECs). These credits are set at around $90 per MWh of solar energy you produce over 15 years, on average. The annual savings can climb as high as $800 at 9MWh per year for an average residential solar system. Within 15 years, you can save a potential $10,000 or more in energy costs. Solar panels in New Jersey are currently tax-exempt, so you can get even higher savings. Solar incentive programs have a genuine impact on your residential solar installation costs.

Trust Infinity Energy to Guide You to Better Power

Several factors can impact your New Jersey home solar panels’ true cost. Many counties in NJ have different average rates, so your location affects your solar project cost breakdown. Solar equipment for your home solar energy also impacts your system’s overall price. Furthermore, a system installation charge may vary depending on a company or system’s size. Additionally, maintenance is a cost continuing after your system installation, especially if your system gets damaged. Finally, you can reduce your solar costs with solar incentive programs. Infinity Energy is here to help, so contact us to learn more about solar energy in New Jersey and its true costs.