$121
623 kWh
246 lbs
Average solar panel installation
$16,510Federal Incentives
$4,953Total
$11,557
Average monthly bill without solar
$121Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $16,510. We calculated this because we think your electricity usage for the year is about 7480 kWh, and a 5.5 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.00/W, which we get from Energy Sage.
The current electricity costs for Public Service Elec and Gas Co are 19¢/kWh. So, by replacing 100% of your usage, you’ll save $1,457 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 11.33 years. If the costs of Public Service Elec and Gas Co electricity rise 3%, then your savings will pay for your solar system in 11.00 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 730 kWh in July, to a low of 450 kWh in December. For the entire year, we estimate that your 5.5 kW sized system would produce 7480 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $4,953. The state of New Jersey generally uses Retail Supply Rate, not including delivery or system charges for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Retail Supply Rate, not including delivery or system charges for the extra electricity.
From Department of Energy Data, it looks like 77 homes have installed solar panels in your zip code, 07646. And in the state of New Jersey, 12,655 homes have installed solar panels.
There are 14 solar installers that operate in New Jersey. WattBuy recommends Palmetto, Modernize, Solar America, RGR Marketing, EnergyPal EX, EnergySage, and EnergyPal NX.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.