How much does a solar system cost?
The average cost of a solar system in New Jersey can range between $20,000-$30,000 if purchased cash. However, the real cost of a solar system varies greatly depending on several factors, including:
System size: The number of solar panels needed to meet your energy needs.
Panel type and efficiency: Higher-efficiency panels generally cost more but may offer better long-term savings.
Installation costs: Labor costs, permitting fees, and other installation-related expenses.
Incentives and rebates: Available federal, state, and local incentives can significantly reduce the upfront cost.
Financing options: Leases, power purchase agreements (PPAs), and loans offer different upfront costs and monthly payment structures.
💡Tip: NJ Solar Guide can provide you with a personalized cost estimate based on your specific needs and location.
How much can I save on my energy bills with solar?
It is not uncommon for New Jersey homeowners to save over $1,000 a year on their energy costs. The specific amount you can save on your energy bills depends on factors such as:
Your current energy consumption: The more energy you use, the more you can potentially save.
Solar system size and efficiency: A larger system that produces more energy will result in greater savings.
Electricity rates: Higher electricity rates generally translate to greater savings with solar.
💡Tip: NJ Solar Guide can help you estimate your potential energy savings based on your energy usage and local electricity rates.
What financing options are available for solar?
Several financing options are available for solar systems, including:
Cash Purchase: You pay for the entire system upfront. This option provides the most opportunity for savings.
Solar Loans: Similar to a home improvement loan, allowing you to finance the system over a period of time.
Leases: You lease the solar system from a third-party company, typically with a fixed monthly payment.
Power Purchase Agreements (PPAs): You purchase the electricity generated by the system from a third-party company.
💡Tip: NJ Solar Guide can help you explore the best financing options for your budget and financial goals.
What is the return on investment (ROI) for solar?
The ROI on a solar system can vary significantly depending on various factors. Key factors influencing ROI include:
- System cost and installation costs
- Energy production and savings
- Electricity rates
- Incentives and rebates
- System lifespan and maintenance costs
💡Tip: NJ Solar Guide can help you assess the potential ROI of a solar system for your specific situation.
What are the typical payback periods for solar systems?
Payback periods for solar systems can range from 5 to 25 years, depending on the factors mentioned above. A shorter payback period indicates a faster return on your investment.
💡Tip: NJ Solar Guide can provide you with an estimated payback period for your specific project.
How much energy will my solar system produce?
The amount of energy your solar system produces will depend on several factors, including:
System size: The number and type of solar panels installed.
Sun exposure: The amount of sunlight your roof receives throughout the year.
System efficiency: The efficiency of the solar panels and inverter.
Weather conditions: Cloudy or rainy weather can reduce energy production.
💡Tip: NJ Solar Guide can use advanced software to estimate the energy production of a solar system for your specific location.
What happens if my system doesn't produce enough energy?
In most cases, a properly designed and installed solar system will produce sufficient energy to offset a significant portion of your electricity usage. However, factors like weather conditions and shading can affect energy production.
💡Tip: NJ Solar Guide will work with you to design a system that meets your energy needs and address any potential concerns.
What are the warranties on the panels, inverters, etc?
Most reputable solar panel manufacturers offer 25-year performance warranties and 25-year product warranties. Inverters typically have 25-year warranties.
A performance warranty guarantees the level of performance of your panels over time. The power generation of all solar panels degrades over time, look for panels that guarantee a strong level of performance over the life of the system.
💡Tip: NJ Solar Guide works with top-rated manufacturers to ensure you receive the best warranties available.
What is the expected lifespan of a solar system?
Solar panels are designed to last for 25 years or more, with minimal degradation in performance over time.
While some inverters may need to be replaced after 10-15 years, the top-tier products available are warrantied for 25 years, such as Enphase systems.
💡Tip: With proper maintenance, your solar system can provide clean energy for decades to come.
Who will install my system, and what is their experience?
NJ Solar Guide works with a network of experienced and certified solar installers.
We will carefully select the best installer for your project based on their expertise, reputation, and safety record.
How long will the installation process take?
The installation time can vary depending on the size and complexity of the system.
Typical installation times range from 30-60 days from the completion of a site survey.
💡Tip: NJ Solar Guide will provide you with a detailed installation timeline.
What's the process for obtaining necessary permits & approvals?
NJ Solar Guide and their partners will handle all necessary permitting and approvals, including:
- Applying for building permits
- Coordinating with your local utility company
- Meeting all applicable safety and code requirements
What is the ongoing maintenance required for the system?
Solar systems require minimal maintenance. Occasional cleaning of the panels may be necessary to remove debris and optimize energy production. Regularly trimming trees to prevent shading your panels will also help keep production consistent over time.
💡Tip: NJ Solar Guide can provide you with information on recommended maintenance practices if desired.
How much will going solar reduce my carbon footprint?
By switching to solar, you can significantly reduce your carbon footprint and help combat climate change.
A typical solar system can offset 3-4 tons of CO2 annually—that’s the same as planting 100 trees every year!
What are the environmental benefits of solar energy?
Solar energy is a clean, renewable energy source that produces no greenhouse gas emissions. Going solar helps to reduce reliance on fossil fuels and promotes a more sustainable energy future.
Will a solar system increase my home's value?
Studies have shown that homes with solar systems often sell for a premium compared to similar homes without solar. Solar systems can make your home more attractive to eco-conscious buyers and increase its resale value.
What happens to the solar system if I sell my home?
You have several options when selling your home with a solar system:
Sell the system separately: You can sell the system to the new homeowner.
Transfer the lease or PPA: If you have a leased or PPA system, you may be able to transfer the agreement to the new homeowner.
Sell the home with the system: The new homeowner may assume the existing financing or purchase the system from you.
💡Tip: NJ Solar Guide can help you understand the options and navigate the process of selling your home with a solar system.