Best 5 Solar Companies in Teaneck, NJ

How To Choose the Best Solar Company in Teaneck

The more comprehensive your provider search is, the better your photovoltaic system will ultimately work. Consider each of these factors in your service provider search.

Licensing and Training

Licensing requirements mean that your New Jersey solar installation team may have a variety of different professionals, including a master plumber for piping work and an electrician for wiring work. The most senior professionals on the team will also handle permit work for the job. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Teaneck

The type of solar panels you select determines how much energy you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.

Additional system add-ons, such as battery storage and electric vehicle (EV) chargers, will raise your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers offer these extras, so look for a company that sells them if it's crucial for you.

Most Teaneck homeowners select solar systems rated for five kilowatts (kW) of electrical capacity. These systems run about $17,650 to set up, considering both parts and installation. You can find more specific solar cost information in the table.

Financing Solar Energy in Teaneck

Solar providers use 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, power purchase agreements (PPAs), solar loans and cash payments. Though it requires a large up-front payment, cash is the most affordable choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in particular circumstances. Look for contractors that offer several payment plans to find the right fit for your wallet.

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

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