Solar Panel Cost In New Jersey

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

Solar panel cost in new jersey.

Solar panel installation costs in new jersey are generally between 12k 15k after rebates and tax credits. As of august 2020 the average solar panel cost in new jersey is 2 95 w given a solar panel system size of 5 kilowatts kw an average solar installation in new jersey ranges in cost from 12 538 to 16 962 with the average gross price for solar in new jersey coming in at 14 750 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the. This is 2 77 per watt. 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.

As of september 2020 the average solar panel cost in new jersey is 2 88 w. Nj solar panel costs vary so keep reading. Solar panel cost data new jersey 2020 updated. After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars.

A critical calculation for potential solar buyers is the solar payback period. On a cost per watt w basis a solar panel installation in new jersey ranges in price from 2 45 to 3 31.