Solar Panel Savings in Cherry Hill, NJ
Calculate how much you can save with solar panels in Cherry Hill, New Jersey. Based on 4.3 peak sun hours/day and 14.7¢/kWh average electricity rate.
4.3
Peak Sun Hours/Day
14.7¢
Avg Rate (¢/kWh)
13.1 yr
Payback Period
$13k
25-Year Savings
Cherry Hill Solar Overview
Calculate Your Cherry Hill Solar Savings
Cherry Hill average: $132/mo
South-facing roofs produce the most energy
Add $8,000-$12,000 for whole-home battery backup
Annual Production
kWh/year
Annual Savings
per year
Net System Cost
after 30% ITC
Payback Period
break-even time
25-Year Total Savings
$37,881
Monthly Savings
$92
Federal Tax Credit
$6,066
Cumulative Savings vs System Cost
Cost Breakdown
| Item | Cherry Hill | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $20,220 | $17,100 |
| Federal Tax Credit (30%) | -$6,066 | -$5,130 |
| Net System Cost | $14,154 | $11,970 |
| Cost Per Watt | $3.37/W | $2.85/W |
Solar Potential in Cherry Hill
Sun Hours vs National Average
Cherry Hill gets 4% less sun than the national average, but high-efficiency panels compensate.
Climate Advantages
- 197 sunny days per year
- Average temperature: 54°F — cooler temps actually improve panel efficiency
- Average roof size: 1,793 sq ft — enough for a 99-panel system
Cherry Hill Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $20,220 system, that's a $6,066 credit. Valid through 2032.
New Jersey State Incentives
Successor Solar Incentive (SuSI) program.
Net Metering — PSE&G
PSE&G offers net metering in Cherry Hill. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in Cherry Hill
3.1
Tons CO2 Offset/Year
52
Equivalent Trees Planted
0.7
Homes Worth of Energy
Based on 7,534 kWh annual production with a 6kW system. EPA average: 0.417 metric tons CO2 per MWh, 10,632 kWh per US home.
Solar Energy in Cherry Hill, New Jersey
Cherry Hill, New Jersey receives an average of 4.3 peak sun hours per day, offering adequate solar resources for homeowners looking to reduce their electricity bills. With electricity rates averaging 14.7¢ per kWh from PSE&G, near the national average, solar provides competitive returns on investment.
A typical 6kW solar system in Cherry Hill produces approximately 7,534 kWh per year, saving homeowners an estimated $1,109 annually. The system pays for itself in about 12.8 years, after which you enjoy essentially free electricity for the remaining 12+ years of the system's warranty life.
Cherry Hill has a solar penetration rate of 1.3% — indicating early-stage solar adoption with tremendous growth potential as prices continue to fall. The cost of living index of 119.1 (national average: 100) means higher electricity costs, which amplifies solar savings.
Other Cities in New Jersey
Camden, NJ
Elizabeth, NJ
Jersey City, NJ
Newark, NJ
Paterson, NJ
Trenton, NJ
Frequently Asked Questions
How much do solar panels cost in Cherry Hill, NJ?
The average cost of a 6kW solar panel system in Cherry Hill is approximately $20,220 before incentives ($3.37/watt). After the 30% federal Investment Tax Credit, the net cost is about $14,154. Successor Solar Incentive (SuSI) program.
How many peak sun hours does Cherry Hill get?
Cherry Hill, NJ receives an average of 4.3 peak sun hours per day and approximately 197 sunny days per year. This is near the national average, providing good conditions for residential solar panels.
What is the solar payback period in Cherry Hill?
The average solar payback period in Cherry Hill is approximately 13.1 years. After payback, your solar panels generate essentially free electricity for the remaining 15-20 years of their warranty. Over 25 years, total savings can reach $12,871.
Does Cherry Hill have net metering?
Yes, Cherry Hill has access to net metering through PSE&G. This allows you to earn credits for excess solar energy sent to the grid, significantly improving your solar investment returns.
Is solar worth it in Cherry Hill, NJ?
Yes, solar is a solid investment in Cherry Hill. While the 13.1-year payback is moderate, you'll still save $12,871 over 25 years. The 30% federal tax credit and local incentives help make solar financially attractive.