Solar Panels in
Monmouth County, NJ

Updated 6/8/2019

How much do solar panels cost in Monmouth County, NJ in 2019?

As of November 2019, the average solar panel cost in Monmouth County, NJ is $2.98/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Monmouth County, NJ ranges in cost from $12,665 to $17,135, with the average gross price for solar in Monmouth County, NJ coming in at $14,900. After accounting for the 30% 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.

Average solar panel cost by system size in Monmouth County, NJ

System Size System Cost System Cost (after ITC)
3 kW $8,940 $6,258
4 kW $11,920 $8,344
5 kW $14,900 $10,430
6 kW $17,880 $12,516
7 kW $20,860 $14,602
8 kW $23,840 $16,688
9 kW $26,820 $18,774
10 kW $29,800 $20,860

2019 average solar panel cost graph in Monmouth County, NJ

for a 5kW system

Great Price
$12,665 or less
Market Average
$14,900
Above Market
$17,135 or more

Solar installation costs do not include the 30% Federal Investment Tax Credit or local incentives. Learn more about local NJ incentives, tax credits & rebates.

Payback Period

5.16 Years

20-Year Savings

$59,991

Cost per Watt

$2.98

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True Cost of Solar Guide™ for New Jersey

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