Solar Panels in
Chatham, NJ

Updated 6/8/2019

How much do solar panels cost in Chatham, NJ in 2019?

As of December 2019, the average solar panel cost in Chatham, NJ is $3.00/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Chatham, NJ ranges in cost from $12,750 to $17,250, with the average gross price for solar in Chatham, NJ coming in at $15,000. 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 Chatham, NJ

System Size System Cost System Cost (after ITC)
3 kW $9,000 $6,300
4 kW $12,000 $8,400
5 kW $15,000 $10,500
6 kW $18,000 $12,600
7 kW $21,000 $14,700
8 kW $24,000 $16,800
9 kW $27,000 $18,900
10 kW $30,000 $21,000

2019 average solar panel cost graph in Chatham, NJ

for a 5kW system

Great Price
$12,750 or less
Market Average
$15,000
Above Market
$17,250 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

5.23 Years

20-Year Savings

$58,705

Cost per Watt

$3.00

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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.