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Best 5 Solar Companies in Hoboken, NJ

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Written By Max Peterson | Last Updated: February 05, 2024

Hoboken homeowners are intentional about conserving resources and practicing eco-friendly lifestyles. That includes embracing alternative energy sources like solar. 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 installers and offer advice for your company choice, so you can find the ideal one for your home.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions
Best Solar Panel Installation
4.4
  • Offers 7 panel brand options
  • 25-year workmanship warranty
  • Offers battery options

Top Hoboken Solar Companies

SunPower Corporation Logo

SunPower Corporation

GET QUOTE
4.4/5
Based on 77 customer reviews.

Services Offered

Consultation Residential Panels Battery Storage Financing Assistance

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
400 Executive Blvd Suite 137, Elmsford, NY 800-786-7693 us.sunpower.com
SunPower Logo

SunPower

GET QUOTE
4.4/5
Based on 78 customer reviews.

Services Offered

Battery Storage Financing Assistance Residential Panels Consultation

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
300 American Metro Blvd #230, Hamilton Township, NJ 714-787-3800 us.sunpower.com
Sunrun Solar Logo

Sunrun Solar

GET QUOTE
4.2/5
Based on 106 customer reviews.

Services Offered

Residential Panels Battery Storage

Highlights

  • Reliable customer support
  • Free quotes
  • Clear pricing policy
10 New Maple Ave, Pine Brook, NJ 833-324-5886 sunrun.com
Venture Solar Logo

Venture Solar

4.8/5
Based on 623 customer reviews.

Services Offered

Residential Panels Consultation Financing Assistance Commercial Panels

Highlights

  • Clear pricing policy
  • Free quotes
  • Informative resources
42 West St, Brooklyn, NY 800-203-4158 venturesolar.com

More Local Solar Companies

Jersey Solar Power Systems

User Reviews: 4.7/5 

35 Journal Square Plaza #8
Jersey City, NJ 07306

Solar Clean Energy Systems

User Reviews: 4.7/5 

95 Joralemon St
Brooklyn, NY 11201

Sustainable Solar and Storage, LLC

User Reviews: 4.7/5 

3418 Northern Blvd Suite 4/21
Queens, NY 11101

Clifton Solar Power Systems experts

User Reviews: 4.7/5 

440 Allwood Rd
Clifton, NJ 07012

Robinhood Solar Group

User Reviews: 4.7/5 

48 Guenther Pl
Passaic, NJ 07055

NY Borough Solar Experts

User Reviews: 4.7/5 

428 Neckar Ave
Staten Island, NY 10304

Residential Solar Power Systems Glen Ridge

User Reviews: 4.7/5 

855 Bloomfield Ave
Glen Ridge, NJ 07028

Alerce Solar

User Reviews: 4.6/5 

78 John Miller Way
Kearny, NJ 07032

Brooklyn SolarWorks

User Reviews: 4.5/5 

200 6th St Suite 3G
Brooklyn, NY 11215

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

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

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Facts about Hoboken
Average Max Temp: 60°F
Solar Payback Period: 14.1 years
Average Daily Sunlight: 55%
Homes Powered by Solar: 1,241
Average Annual Energy Bill: $1,422
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

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

  • Better energy independence: Adding a solar battery lets you have reliable energy during storms and grid outages.
  • Lowered energy bills: You can dodge the expensive cost of grid-tied power by producing some electricity at home.
  • Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on non-renewable sources.

What Solar Incentives Are Available to Hoboken Homeowners?

New Jersey homeowners who choose solar could qualify for reimbursements, special financing, tax credits and rebates. Here are just a few of the area's incentive programs.

Incentive Type: Sales Tax Incentive

Incentive Amount:

100% exemption

Incentive Type: Performance-Based Incentive

Website: njcleanenergy.com

Incentive Amount:

Net-Metered Residential: $90/SREC-II

Small Net-Metered Non-Residential located on Rooftop, Carport, Canopy and Floating Solar
Projects smaller than 1 MW (dc): $100/SREC-II, $120 for public entities
Projects 1 MW to 5 MW (dc): $90/SREC-II, $110 for public entities

Net Metered Non-Residential Ground Mount
Projects smaller than 1 MW (dc): $85/SREC-II, $105 for public entities
Projects 1 MW to 5 MW (dc): $80/SREC-II, $100 for public entities

Community Solar LMI: $90/SREC-II
Community Solar Non-LMI: $70/SREC-II

Incentive Type: Property Tax Incentive

Incentive Amount:

100% of value added by renewable system

Incentive Type: Solar Renewable Energy Credit Program

Website: njcleanenergy.com

Incentive Amount:

Determined by the market.
In June 2016, SREC traded at an average price of $229.90.

Incentive Type: Other Incentive

Website: pseg.com

Incentive Type: Rebate Program

Website: njcleanenergy.com

Incentive Amount:

Incentives depend on the HERS score and the classification
Single family homes: Ranges from $1,125 to - 24,250
Multi-single homes: Ranges from $1,125 to $18,188
Multifamily homes: Ranges from $625-$12,125

Incentive Type: Rebate Program

Website: NJCnjcleaneEnergy.com

Incentive Amount:

Rebates
Single family : $2,000 to $4,000
Multi-family : $500-$1,500 per unit
Rebates for single family and multi-family should not exceed 50% of the cost of the measures used to calculate total estimated savings (TES)
See table below for details
Loans
Single-family: $5,000 (Tier II) or $10,000 (Tier III) 4.99% interest loans up to $15,000 (where utility 0% financing is unavailable)

Incentive Type: Rebate Program

Website: NJCleanEnergy.com

Incentive Amount:

Central AC: Tier 1 $300(Tier 1), $500 (Tier 2)
Ductless Mini Split A/C or Heat Pump: $500
Air Source Heat Pump: $300 (Tier 1), $500(Tier 2)
Geothermal Heat Pump: $500

Incentive Type: Rebate Program

Website: NJCleanEnergy.com

Incentive Amount:

Residential Electric Customers (including municipal utility customers):
Solar Hot Water Heater: $1,200
Heat Pump Water Heater: $500
Geothermal Heat Pump: $500
Air-Source or Ductless Mini-Split Heat Pump: $300- $500
Residential Gas Customers (including propane):
Gas Furnace: $250- $500
Gas Boiler: $300
Gas Water Heater: $300
Solar Hot Water Heater: $1,200
Oil Heating Customers:
Oil Furnace: $250
Oil Boiler: $300

Combination Rebate
Boiler and Water Heater Combination Rebate: $700
Furnace and Water Heater Combination Rebate: $700- $950

Incentive Type: Rebate Program

Website: njcleanenergy.com

Incentive Amount:

$900,000 or 30% of the cost per project, which ever is less

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Hoboken

Choosing a company is the first step toward a well-oiled and valuable solar array. Consider all of these criteria in your contractor search.

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 pull permits for the job. You should also visit a company's website to learn about its private accreditations. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, granted 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 Hoboken

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. 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 shows more specific costs for different solar panel types and system components in your area.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,232
Solar Polycrystalline $961
Thin-Film $562
Solar Battery $789
Solar Home EV Charger $2,957

Financing Solar Energy in Hoboken

Choosing the correct financing solution will affect your overall solar system cost and possible savings. Common payment options include power purchase agreements, leases, cash payments, and loans. Though it involves a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a car or home loan, 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 allow you to 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 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 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.

Solar System Capacity Estimated Payback period
1 kW 2.8 years
2 kW 5.6 years
5 kW 14.1 years
10 kW 28.2 years

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Frequently Asked Questions About Solar in Hoboken

How much energy and money could I save per year by switching to solar?

On average, Hoboken homeowners shell out approximately $1,422 per year for energy. Once you pay off your solar array, you could reduce your costs by $775.85 for every kilowatt you produce.

How widespread is solar energy in Hoboken?

Yes, solar energy is becoming increasingly popular in Hoboken. Some homes already benefit from solar power on-site or through utility grids, and they're fortified by a state solar economy with 6225 jobs and counting.

Should I expect a property value increase after installing solar panels?

Yes, new solar systems lead to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could boost your property value by $12,000.

Could I still use solar power if I live in a rainy, dark, or wooded area?

Even if you reside in one of Hoboken's few dark areas, you could still benefit from solar energy. Your provider will enhance your system's performance by choosing the proper site for panels, cleaning them regularly, positioning them to capture the most sunlight throughout the year, and installing a battery backup system. This way, you can store solar power and use it as necessary.

How many years does a typical solar system last?

Today's solar installations are incredibly durable, lasting up to 25 years. Monocrystalline panels and other high-end models tend to work longer than "budget-friendly" models.

How do I care for my new solar system?

Solar panels don't require much maintenance to keep working well. All you'll need to do is inspect and clean the panels every six months or as necessary in dusty seasons. Solar companies frequently offer maintenance packages to assist in your system's care.

What's the difference between a PPA and traditional financing?

A power purchase agreement (PPA) is a contract between you and your provider. They set up, own, and care for the panels, and you buy the generated electricity from them for 10–25 years. There will usually be options to buy out early to own your system and extend the agreement.

In contrast, solar loans can come from local banks, specialty lenders, installer and the government. You'll need to pass a credit check to qualify for most of them. While the upfront costs are more expensive, and you'll be responsible for upkeep, you'll also have full ownership rights and can apply for many more incentives.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources