How Much Does it Cost to Install Solar in Franklin Lakes?

$149 Cheap
$164 Great Price
$180 Costly
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The cost of solar installation Franklin Lakes has reduced dramatically significantly in the past several years. This trend is even expected to go on in the coming years as more homeowners are getting Franklin Lakes solar installation in their homes. The demand for solar power homes increased prompting more companies to manufacture and distribute high-quality solar components, at a slower rate because of tight competition. An average 5KW solar installation Franklin Lakes can cost you around $149 to install. In already include the panels, labor, connections and other miscellaneous fees. Many states offer rebates and incentives for homeowners who has Franklin Lakes solar panels in their home. To know the real cost of your installation, subtract the incentives and a solar federal tax break. For a 5KW solar installation Franklin Lakes, you can get a rebate amounting to $3700. Now, subtract the 30 percent federal solar tax, and that is equivalent to another $180 that will be deducted from your original investment cost. Overall, your 5KW Franklin Lakes solar installation is estimated to cost you $131 . Now that is almost half of the original cost and huge saving.

Estimated final cost for solar installation

Item Quantity Fair Price
Solar Light Fixture Cost 1 Fixture $27.38
Solar Light Fixture Labor 2 Hours $125.44
Solar Light Fixture Job Materials and Supplies 1 Fixture $12.51
Totals - Cost to Install Solar Lighting - 1 Fixture $165.33
Average Cost Per Fixture $165.32

Is it really possible to reduce my electric bill to zero because of solar installation Franklin Lakes?

Yes. There are instances that solar systems produce more electricity that can be used in a month, bringing the electricity cost to $0. However, you may still pay minimal connection fees to keep connected to the electric grid.

How many solar panels will I need to install to cover the whole cost of my electric bill in Franklin Lakes?

The number of solar panels by how your monthly energy consumption. A panel can produce 250 to 300 W so to produce 5 KW of electricity, you will need to install 20 solar panels.

If I move from my current home that has a solar installation, should I remove the solar panels?

No! A solar installation can add value to your home. If you're planning to sell it, you might be surprised at how easily you will be able to sell it.

Find the Best Costs on Solar Installation - Franklin Lakes, 07417

The primary reason why people tend to hold back from getting solar installation Franklin Lakes is the intimidating price. However, in the long run, you will earn the benefits of getting one because the solar installation will eventually pay for itself. The savings that you will get are not in cold hard cash but in lower utility bills and tax incentives from your state. Typically, the more money you spend paying for your current energy consumption is the same amount of money that you will save when you get Franklin Lakes solar installation. To explain further, for every $131 you pay monthly for your electricity bill, it is equivalent to a 1 KW solar panel. If you pay $131 for your electricity bill monthly, you will have to get a 5KW solar installation to cover your expense. A 5KW solar installation can cost you $149 to $180.

Local pros & Availability

Solar Energy Companies available in your area

  • Open
  • Closed
  • 1

    Solar Home NJ, LLC

    Rating: 86
    PO Box 416. 
    TowacoNJ  07082
  • 2

    Solar Home NJ llc

    Rating: 57
    po box 416. 
    TowacoNJ  07082
  • 3

    Amberjack Solar Energy

    Rating: 93
    169 Rample Valley Rd. 
    OaklandNJ  07436
  • 4

    Bornstein Sons Inc

    Rating: 60
    RidgewoodNJ  07450
  • 5

    TJ Construction Corp

    Rating: 66
    296 Ramapo Valley Road. 
    MahwahNJ  07430
  • 6

    Bornstein Sons, Inc.

    Rating: 75
    19A Commerce Road. 
    FairfieldNJ  07004