Solar Panel Savings in Collingswood, NJ
Calculate how much you can save with solar panels in Collingswood, New Jersey. Based on 4.1 peak sun hours/day and 16.7¢/kWh average electricity rate.
4.1
Peak Sun Hours/Day
16.7¢
Avg Rate (¢/kWh)
9.1 yr
Payback Period
$41k
25-Year Savings
Collingswood Solar Overview
Calculate Your Collingswood Solar Savings
Collingswood average: $150/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
$40,921
Monthly Savings
$100
Federal Tax Credit
$4,536
Cumulative Savings vs System Cost
Cost Breakdown
| Item | Collingswood | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $15,120 | $17,100 |
| Federal Tax Credit (30%) | -$4,536 | -$5,130 |
| Net System Cost | $10,584 | $11,970 |
| Cost Per Watt | $2.52/W | $2.85/W |
Solar Potential in Collingswood
Sun Hours vs National Average
Collingswood gets 9% less sun than the national average, but high-efficiency panels compensate.
Climate Advantages
- 205 sunny days per year
- Average temperature: 56°F — cooler temps actually improve panel efficiency
- Average roof size: 1,877 sq ft — enough for a 104-panel system
Collingswood Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $15,120 system, that's a $4,536 credit. Valid through 2032.
New Jersey State Incentives
Successor Solar Incentive (SuSI) program.
Net Metering — PSE&G
PSE&G offers net metering in Collingswood. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in Collingswood
3.0
Tons CO2 Offset/Year
49
Equivalent Trees Planted
0.7
Homes Worth of Energy
Based on 7,183 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 Collingswood, New Jersey
Collingswood, New Jersey receives an average of 4.1 peak sun hours per day, offering adequate solar resources for homeowners looking to reduce their electricity bills. With electricity rates averaging 16.7¢ per kWh from PSE&G, near the national average, solar provides competitive returns on investment.
A typical 6kW solar system in Collingswood produces approximately 7,183 kWh per year, saving homeowners an estimated $1,198 annually. The system pays for itself in about 8.8 years, after which you enjoy essentially free electricity for the remaining 16+ years of the system's warranty life.
Collingswood has a solar penetration rate of 7.5% — showing growing adoption of residential solar, with significant room for expansion. The cost of living index of 113.5 (national average: 100) means higher electricity costs, which amplifies solar savings.
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Frequently Asked Questions
How much do solar panels cost in Collingswood, NJ?
The average cost of a 6kW solar panel system in Collingswood is approximately $15,120 before incentives ($2.52/watt). After the 30% federal Investment Tax Credit, the net cost is about $10,584. Successor Solar Incentive (SuSI) program.
How many peak sun hours does Collingswood get?
Collingswood, NJ receives an average of 4.1 peak sun hours per day and approximately 205 sunny days per year. This is near the national average, providing good conditions for residential solar panels.
What is the solar payback period in Collingswood?
The average solar payback period in Collingswood is approximately 9.1 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 $40,921.
Does Collingswood have net metering?
Yes, Collingswood 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 Collingswood, NJ?
Absolutely. With a 9.1-year payback period and $40,921 in 25-year savings, solar is an excellent investment in Collingswood. The 30% federal tax credit and above-average electricity rates help make solar financially attractive.