Best 5 Solar Companies in West New York, NJ

How To Choose the Best Solar Company in West New York

The more comprehensive your company investigation is, the better your solar panels will ultimately perform. Consider all of these factors in your business search.

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 master-level professionals on the team will also pull permits for the job. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in West New York

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.

Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar contractor includes these optional components, so look for a provider that sells them if it's crucial for you.

You can plan to spend about $17,650 on average for a five-kilowatt solar energy system in West New York. Check the table in this section to get an idea of how much West New York solar companies might quote for your specific solar system's price.

Financing Solar Energy in West New York

Choosing the optimal financing option will influence your overall solar system cost and possible savings. Common payment options include leases, power purchase agreements, loans, and cash payments. We recommend paying with cash or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate based only on the energy you use, similar to an electric bill. We typically don’t recommend these two choices because you won't own the solar system and cannot use solar incentives. We advise working with a provider that offers multiple financing options. Talk to each consultant about what's available, and acquire more than one estimate for the best odds of keeping within your financial plan.

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

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