Solar Panels in
Franklin Park, NJ

Updated 5/8/2021

How much do solar panels cost in Franklin Park, NJ in 2021?

As of May 2021, the average solar panel cost in Franklin Park, NJ is $2.96/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Franklin Park, NJ ranges in cost from $12,580 to $17,020, with the average gross price for solar in Franklin Park, NJ coming in at $14,800. 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 Franklin Park, NJ

System Size System Cost System Cost (after ITC)
3 kW $8,880 $6,571
4 kW $11,840 $8,762
5 kW $14,800 $10,952
6 kW $17,760 $13,142
7 kW $20,720 $15,333
8 kW $23,680 $17,523
9 kW $26,640 $19,714
10 kW $29,600 $21,904

2021 average solar panel cost graph in Franklin Park, NJ

for a 5kW system

Great Price
$12,580 or less
Market Average
$14,800
Above Market
$17,020 or more
Note: Showing cost data for Somerset County, NJ.

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

5.82 Years

20-Year Savings

$33,804

Cost per Watt

$2.96

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Top solar installers in Franklin Park, NJ

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True Cost of Solar Guide™ for New Jersey

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Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.