Solar Panels in
Randolph, NJ

Updated 6/8/2019

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

As of December 2019, the average solar panel cost in Randolph, NJ is $3.11/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Randolph, NJ ranges in cost from $13,218 to $17,882, with the average gross price for solar in Randolph, NJ coming in at $15,550. 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 Randolph, NJ

System Size System Cost System Cost (after ITC)
3 kW $9,330 $6,531
4 kW $12,440 $8,708
5 kW $15,550 $10,885
6 kW $18,660 $13,062
7 kW $21,770 $15,239
8 kW $24,880 $17,416
9 kW $27,990 $19,593
10 kW $31,100 $21,770

2019 average solar panel cost graph in Randolph, NJ

for a 5kW system

Great Price
$13,218 or less
Market Average
$15,550
Above Market
$17,882 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

5.48 Years

20-Year Savings

$42,113

Cost per Watt

$3.11

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True Cost of Solar Guide™ for New Jersey

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