Best 5 Solar Companies in Cherry Hill, NJ

How To Choose the Best Solar Company in Cherry Hill

The cost and efficiency of solar panels often hinge on the solar company that mounted them. Here are some important factors to bear in mind while shopping for a solar company.

Licensing and Training

Licensing requirements mean that your New Jersey solar installation team will likely have a variety of different professionals, including an electrician for wiring work and a master plumber for piping work. The most senior professionals on the team will also pull permits for the job. You should also visit a company's website to learn about its private accreditations. Two of the most recognized are the Solar Heating Installer and PV Installation Professional certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Cherry Hill

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

If you want to charge an electric car or use your solar power in dark weather, you can pay extra for accessories. By selecting the right components, you can make your panel array more effective and user-friendly. Not every solar company offers these optional components, so look for a company that installs them if it's essential for you.

If you're a resident of Cherry Hill and want a five-kilowatt solar energy system, you could plan to spend about $17,650 for parts and installation. See more information on specific component and solar panel costs in the table.

Financing Solar Energy in Cherry Hill

Choosing the correct financing solution will influence your overall solar system cost and expected savings. Common payment options include loans, power purchase agreements, leases, and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or auto loan, you'll pay a set monthly rate with potentially $0 down. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a contractor that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of keeping within your budget.

The table below lists the average payback periods for different capacities of solar systems in Cherry Hill.

The IRS allows you to claim a 26% federal solar tax credit on the full cost of the solar system, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.