Solar Panels in
Forked River, NJ

Updated 9/18/2021

How much do solar panels cost in Forked River, NJ in 2021?

As of September 2021, the average solar panel cost in Forked River, NJ is $2.67/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Forked River, NJ ranges in cost from $11,348 to $15,352, with the average gross price for solar in Forked River, NJ coming in at $13,350. 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 Forked River, NJ

System Size System Cost System Cost (after ITC)
3 kW $8,010 $5,927
4 kW $10,680 $7,903
5 kW $13,350 $9,879
6 kW $16,020 $11,855
7 kW $18,690 $13,831
8 kW $21,360 $15,806
9 kW $24,030 $17,782
10 kW $26,700 $19,758

2021 average solar panel cost graph in Forked River, NJ

for a 5kW system

Great Price
$11,348 or less
Market Average
$13,350
Above Market
$15,352 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

6.47 Years

20-Year Savings

$44,998

Cost per Watt

$2.67

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