Solar Panel Savings in Franklin Township, NJ
Calculate how much you can save with solar panels in Franklin Township, New Jersey. Based on 4.7 peak sun hours/day and 15.5¢/kWh average electricity rate.
4.7
Peak Sun Hours/Day
15.5¢
Avg Rate (¢/kWh)
9.2 yr
Payback Period
$20k
25-Year Savings
Franklin Township Solar Overview
Calculate Your Franklin Township Solar Savings
Franklin Township average: $139/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
$43,551
Monthly Savings
$106
Federal Tax Credit
$4,914
Cumulative Savings vs System Cost
Cost Breakdown
| Item | Franklin Township | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $16,380 | $17,100 |
| Federal Tax Credit (30%) | -$4,914 | -$5,130 |
| Net System Cost | $11,466 | $11,970 |
| Cost Per Watt | $2.73/W | $2.85/W |
Solar Potential in Franklin Township
Sun Hours vs National Average
Franklin Township gets 4% more sun than the national average.
Climate Advantages
- 195 sunny days per year
- Average temperature: 55°F — cooler temps actually improve panel efficiency
- Average roof size: 1,616 sq ft — enough for a 89-panel system
Franklin Township Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $16,380 system, that's a $4,914 credit. Valid through 2032.
New Jersey State Incentives
Successor Solar Incentive (SuSI) program.
Net Metering — PSE&G
PSE&G offers net metering in Franklin Township. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in Franklin Township
3.4
Tons CO2 Offset/Year
57
Equivalent Trees Planted
0.8
Homes Worth of Energy
Based on 8,234 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 Franklin Township, New Jersey
Franklin Township, New Jersey receives an average of 4.7 peak sun hours per day, providing excellent conditions for residential solar installations. With electricity rates averaging 15.5¢ per kWh from PSE&G, near the national average, solar provides competitive returns on investment.
A typical 6kW solar system in Franklin Township produces approximately 8,234 kWh per year, saving homeowners an estimated $1,275 annually. The system pays for itself in about 9.0 years, after which you enjoy essentially free electricity for the remaining 16+ years of the system's warranty life.
Franklin Township has a solar penetration rate of 1.6% — indicating early-stage solar adoption with tremendous growth potential as prices continue to fall. The cost of living index of 130.6 (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 Franklin Township, NJ?
The average cost of a 6kW solar panel system in Franklin Township is approximately $16,380 before incentives ($2.73/watt). After the 30% federal Investment Tax Credit, the net cost is about $11,466. Successor Solar Incentive (SuSI) program.
How many peak sun hours does Franklin Township get?
Franklin Township, NJ receives an average of 4.7 peak sun hours per day and approximately 195 sunny days per year. This is near the national average, providing good conditions for residential solar panels.
What is the solar payback period in Franklin Township?
The average solar payback period in Franklin Township is approximately 9.2 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 $19,609.
Does Franklin Township have net metering?
Yes, Franklin Township 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 Franklin Township, NJ?
Absolutely. With a 9.2-year payback period and $19,609 in 25-year savings, solar is an excellent investment in Franklin Township. The 30% federal tax credit and local incentives help make solar financially attractive.