The cost of solar panel systems varies from home to home and depends on a variety of factors. We will consider some of them in detail below.
Price per system size
Each home in New Jersey has different solar system size requirements based on energy consumption and roof layout. The cost of installation will depend on many factors, including the size of the system recommended by a solar professional.
The costs listed in the table below are average solar system costs after applying the 30% federal tax credit (also known as the solar tax credit).
Price per brand of solar module
As with any household product, the quality and cost of solar panels varies by brand. Expect higher prices for high-end brands that produce high-performance panels. In New Jersey, a state that gets enough sunlight each year to offset its energy use, you don't need efficient enough panels to power your home.
However, always seek advice from your chosen company before deciding on the required panels and power level.
The cost of the solar panel installation company
There are more than 200 solar farms in New Jersey, each offering different services and panels that vary in quality and efficiency. For example, SunPower is a national supplier serving customers in New Jersey. It is known for its high performance panels. The average cost of a 10-kilowatt SunPower system in New Jersey is between $15,000 and $20,000 .
Other companies, such as local suppliers Green Power Energy and New Jersey Solar Energy, offer cheaper installations. However, they offer lower efficiency panels and a shorter warranty period than their larger competitors. Get quotes from different companies and compare the services they offer to make sure you find the right system for your home's needs.
Cost of license and communication
Interconnection is the process of connecting a solar panel system to the local electrical grid. Your local energy supplier has specific connection requirements. Your local municipality may require a special permit to install and connect solar panels to your home. Licensing and communication have different costs that can affect your budget.
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