$129
660 kWh
261 lbs
Average solar panel installation
$16,443Federal Incentives
$4,933Total
$11,510
Average monthly bill without solar
$129Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $16,443. We calculated this because we think your electricity usage for the year is about 7920 kWh, and a 5.48 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 Atlantic City Electric Company are 19¢/kWh. So, by replacing 100% of your usage, you’ll save $1,543 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 10.65 years. If the costs of Atlantic City Electric Company electricity rise 3%, then your savings will pay for your solar system in 10.34 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 780 kWh in May, to a low of 490 kWh in December. For the entire year, we estimate that your 5.48 kW sized system would produce 7920 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $4,933. The state of New Jersey generally uses Full Retail Rate for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Full Retail Rate for the extra electricity.
From Department of Energy Data, it looks like 1 homes have installed solar panels in your zip code, 08270. 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 EnergySage, Solar America, EnergyPal EX, RGR Marketing, Lead Genesis, EnergyPal NX, Modernize, and Palmetto.
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.