Solar Panel Cost Guide in Camden, NY (2024 Update)
- Camden Solar Installation Cost: $11,803
- 25-Year Savings: $6,667
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Camden
Let’s take a look at the average cost of solar in Camden.
Although the national average of solar panels is $2.66 per watt, solar panels in Camden generally cost about 4.To account for the typical energy usage of the average home in Camden, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $11,803, or $16,878 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.With typical savings of about $13,000 on power bills over 20 years, many homeowners in Camden find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar company in Camden that can help you get a more accurate cost estimate for your home.
Solar savings over time in Camden
| Year | Return on Investment |
|---|---|
| 1 years | $-10,895 |
| 3 years | $-9,078 |
| 5 years | $-7,261 |
| 7 years | $-5,443 |
| 9 years | $-3,626 |
| 11 years | $-1,809 |
| 13 years | $8 |
| 15 years | $1,825 |
| 17 years | $3,642 |
| 19 years | $5,459 |
| 21 years | $7,277 |
| 23 years | $9,094 |
| 25 years | $10,911 |
Top Solar Installers in Camden
Installing solar panels by yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Camden:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Camden
Factors that Affect Solar Panel Costs in Camden
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Camden: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Camden, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Camden to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect how much you pay. Camden’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $5,106 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,217 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,532 | 18.2 years |
| 12 kW | $3.58 | $30,047 | $12,051 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,775 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,704 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $20,836 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $24,174 | 16.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Camden, NY Solar Cost FAQs
What is the average cost of installing solar panels in Camden?
The average cost of solar panels in Camden is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Camden?
You can’t get solar panels for free in Camden. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Camden, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.