Solar Panels in
Somerset, NJ

Updated 6/8/2019

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

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

4.77 Years

20-Year Savings

$62,353

Cost per Watt

$3.00

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Top solar installers in Somerset, 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.