Solar Panels in
Margate City, NJ

Updated 10/23/2021

How much do solar panels cost in Margate City, NJ in 2021?

As of October 2021, the average solar panel cost in Margate City, NJ is $2.74/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Margate City, NJ ranges in cost from $11,645 to $15,755, with the average gross price for solar in Margate City, NJ coming in at $13,700. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Margate City, NJ

System Size System Cost System Cost (after ITC)
3 kW $8,220 $6,083
4 kW $10,960 $8,110
5 kW $13,700 $10,138
6 kW $16,440 $12,166
7 kW $19,180 $14,193
8 kW $21,920 $16,221
9 kW $24,660 $18,248
10 kW $27,400 $20,276

2021 average solar panel cost graph in Margate City, NJ

for a 5kW system

Great Price
$11,645 or less
Market Average
$13,700
Above Market
$15,755 or more

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local NJ incentives, tax credits & rebates.

Payback Period

5.46 Years

20-Year Savings

$45,827

Cost per Watt

$2.74

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