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Rooftop Solar Panels New Jersey - Residential Solar Power Energy

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Solar Roof Installation Cost

In the early days of residential solar, it was common for solar homeowners to pay much more than market price for their systems. Systems were expensive and rare, so individual sellers were paid high premiums for their systems. As experience with solar installations grew and became more widespread, pricing fell dramatically. Today, most companies offer competitive prices on solar systems. Installing a home solar system costs money up front as well as ongoing operating expenses. The capital cost of a system depends on the size of the system, whether it’s an array of panels or a large installation like a rooftop or ground-mounted system. The larger your system, the less expensive it will be to operate, but that’s not always true. Let’s take an in-depth look at the costs involved in installing a solar panel system and operating one afterward, including initial investment costs and savings over time.

What goes into installing a solar panel system?

The initial costs of installing a solar panel system depend on the size, type, and location of the installation. For a small roof installation, an install can cost around $5000. A ground-mounted installation will run between $18,000 to $25,000 for a 6kW system. For a medium-sized rooftop installation with 8 panels and for a larger rooftop installation with 24 panels it could bebetween $17,538 to $23,458. To calculate your potential savings over time, you have to consider the price of electricity in your area as well as how much time your solar power will allow you to use instead of electricity from the grid.

Upfront costs for installing a solar panel system

If you are considering a solar panel installation, it’s important to understand the up-front costs involved. While some of these costs may be tax deductible, not all of them are. Let’s take a look at the most common upfront costs associated with installing a solar panel system.

Backing Structure
The backing structure is where the solar panels are mounted on an existing roof or on the ground. It can also be called the “mounting frame.” From there, wires and electric cabling run down to the inverter (the part that converts DC current from solar cells into AC current). Depending on what size system you want, you may need to install some type of backing structure. This could include building a new house for your array or purchasing and installing a pre-fabricated mounting frame with no further work required. The cost for this type of project varies widely in part because it depends on how much work needs to be done (for example, if you have an old home and want to build a new roof).
Installing a solar panel system is typically an extensive process that involves many people, tools, and materials. Installation starts with clearing out an area for your installation site using various earthmoving tools like bulldozers and excavators to prepare the area for your array installation. To begin construction on your rooftop installation, you will need specialized equipment such as rakes and hammers to remove debris from around your foundation.

Ongoing operating costs of a solar panel system

First and foremost, there are ongoing costs associated with operating a solar panel system. The capital cost of the system is relatively low, but the operating expenses for electricity production can be quite high if you install a large rooftop or ground-mounted installation. The average residential installation pays off over time due to the savings in electricity production.

Installing a photovoltaic (PV) array

The cost of installing a solar PV system is determined by the size of the array, but it also depends on the specifics of your project. The size of your installation will be determined by the amount you invest in a system and where you plan to install it. A rooftop installation typically costs more than ground-mounted installations.
Solar panels that are used to power an array are expensive and not always easy to find. You’ll need to do some research to find a source for these panels, which can be difficult if you don’t have experience shopping for them. Once you’ve found an affordable provider, they can help you identify different systems and recommend financing options based on your needs.

Initial investment cost for installing a solar panel system

The initial cost of a system depends on the type of installation that you choose. If you install panels on your roof, you’ll pay more than if you buy a ground-mounted system or have solar panels installed at an off-site location.
Ground-mounted systems are the most expensive option because they require the most expensive construction material, labor and installation expertise. On average, ground-mounted systems cost $18,000 to $25,000 to install. Compare this with roof-mounted systems which cost about $5,000 for smaller installations (less than 1 kilowatt) and $17,538 to $23,458 for larger installations (more than 10 kilowatts).
If your installation is off-site, you will pay less for materials but more for labor. In general, off-site locations need less expertise and construction material so they are cheaper than rooftop systems.

Ongoing operating savings for solar panel systems

Before you purchase a solar panel system, calculate the difference between your utility bill and how much you plan on spending with your new system. If it’s not financially viable for you to power your home using solar, don’t bother installing it.

Investing in a solar panel system is an investment that will pay off over time. The initial cost of the system will be paid back quickly; then the financial savings start accumulating immediately and grow exponentially over time. It is important to understand what the costs of operating a solar panel system are so you can compare them to other options before committing to one.

Summing up the Costs of Solar

Installing a solar panel system is an upfront cost. The total cost will depend on how large your system is and if you choose to install it on your roof or in the ground. A typical rooftop installation can cost around $20,498 while a ground-mounted installation could be higher than that price.
Once the installation is complete, the operating costs are the same for both systems: electricity bills, energy credits, and maintenance.
When you compare the total costs for a solar panel installation with those for fossil fuel-based power generation, like natural gas or coal, it becomes clear why investment in solar technology makes good financial sense.

If you would like to know if we can install solar and put thousands of dollars in your pocket for doing it, use the form below to submit your electric bill for a no cost, no obligation evaluation.