Best 5 Solar Companies in Hoboken, NJ

Hoboken homeowners are purposeful about protecting the environment and practicing eco-friendly lifestyles. That's why many homeowners are purchasing panels from the top solar professionals for their homes. If you live in one of the area's many old homes, you might not think your electrical system would support solar panels. However, new technology and knowledgeable installers can help these homeowners access renewable, clean power. In this guide, we'll highlight Hoboken's best solar providers and offer advice for your company choice, so you can find the ideal one for your residence.

Ranking Methodology

Our team focuses on the following criteria to assess the best Hoboken solar companies.

• Customer feedback and reviews: Most Hoboken solar companies have both positive and critical reviews. However, a good review ratio reflects a company's trustworthiness and responsiveness to issues.
• Service offerings and warranties: Solar contractors should stand behind their systems and services with warranties. We evaluated how each provider responds to issues and warranty claims, focusing on promptness and customer satisfaction.
• Educational programs and business model: Solar technicians must be knowledgeable. They should utilize their years of experience answer your questions on how to look after your system and improve its performance.
• Panel brands and quality: The top solar companies stay up-to-date with new technology, offering equipment from reliable, innovative manufacturers.
• Professional licenses and credentials: Each company on our list complies with state and city licensing requirements and keeps current with industry best practices. Many of them have served the Hoboken community for over 15 years.

Benefits of Solar Energy

Solar energy offers multiple advantages that will enhance your home for years to come.

• Better energy independence: Solar panel systems with battery backups and storage systems work through power outages and emergencies, and you won't have to depend on your power company for your safety and well-being.
• Lower utility costs: Producing some or all of your own electricity will cut power costs long-term. Plus, some states provide net metering programs that enable you to sell your extra energy back to the grid, generating additional credits toward your energy bill.
• Reduced carbon footprint: Utilizing solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.

What Solar Incentives Are Available to Hoboken Homeowners?

New Jersey agencies and electric companies offer a number of solar incentives to help lower your solar system costs. Here is a breakdown of applicable solar programs where you live.

How To Choose the Best Solar Company in Hoboken

The price and performance of solar panels often rely on the solar company that mounted them. Here are some important factors to consider while searching for a solar specialist.

Licensing and Training

Licensing requirements mean that your New Jersey solar installation team may 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 liaise with your local government and utility on permit matters. Solar providers can also earn certifications from trade groups and standards organizations. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Hoboken

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 need to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for accessories. By selecting the right components, you can make your system more efficient and user-friendly. Not every solar provider includes these additional features, so look for a company that sells them if it's essential for you.

Generally speaking, it costs about $17,650 for a five-kilowatt solar array in Hoboken. This table displays more specific prices for different solar panel types and system components in your area.

Financing Solar Energy in Hoboken

Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, solar loans, cash payments and power purchase agreements (PPAs). Though it requires a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the next best option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, similar to an electric bill. We usually don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. We recommend working with a contractor that offers multiple financing options. Speak with each representative about what's available, and secure more than one estimate for the best odds of keeping within your spending limits.

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

A 26% federal solar tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through local governments, usually in the form of rebates and special financing programs.

Sources

• U.S. Centers for Disease Control and Prevention (CDC)
• National Renewable Energy Laboratory (NREL)
• U.S. Department of Energy