Is solar worth it in 07001 (Avenel, NJ)?

With an average payback period of 9.9 years and 25-year savings of $35,875, solar panels in Avenel, New Jersey are a solid investment.

How much do solar panels cost in 07001?

The average cost of a 6kW residential solar system in Avenel, New Jersey is $14,200 before incentives. The federal 30% Investment Tax Credit reduces this to about $9,940.

How much solar electricity does 07001 get?

Avenel receives 4.5 kWh/m²/day of solar irradiance. A 6kW system in zip code 07001 produces approximately 7,884 kWh per year.

Solar Panel ROI in 07001

Avenel, New Jersey — Is solar worth it here? Here's what the data says.

2.5x ROI Score

9.9 yrs Payback Period

$1,435/yr Annual Savings

$35,875 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,435

Payback 9.9 yrs

25-yr savings $35,875

Solar Calculator for 07001 (Avenel)

Adjust values to see your personalized solar ROI estimate for Avenel, New Jersey.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.5 kWh/m²/day

Based on NREL data for Avenel, NJ

ROI Score 2.5x

Annual Production 7,884 kWh

Annual Savings $1,435

Payback Period 9.9 years

25-Year Savings $35,875

After 30% ITC $9,940

Solar Data for 07001 – Avenel, NJ

Solar Irradiance 4.5 kWh/m²/day -9.3% vs national avg

vs New Jersey Avg -0.4% State avg: 4.8 kWh/m²/day

Electricity Rate $0.182/kWh New Jersey average rate

Annual Production 7,884 kWh 6kW system estimate

Avenel gets 4.5 kWh/m²/day (9.3% below national avg) and electricity at $0.182/kWh. The 9.9-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Avenel, New Jersey

★

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $14,200 system, that's $4,260 back.

★

Net Metering

Most New Jersey utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

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New Jersey State Programs

Check with the New Jersey energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Avenel.

07001 vs New Jersey Average

Solar Irradiance

07001: 4.5 NJ avg: 4.8

Payback Period

07001: 9.9 yrs NJ avg: 9.6 yrs

Annual Savings

07001: $1,435 NJ avg: $1,478

25-Year Savings

07001: $35,875 NJ avg: $36,950

See the full New Jersey solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

07083 Union, NJ 2.5x ROI 9.9 yr payback 10301 Staten Island, NY 2.6x ROI 9.8 yr payback 07305 Jersey City, NJ 2.5x ROI 9.9 yr payback 07032 Kearny, NJ 2.5x ROI 9.9 yr payback 11218 Brooklyn, NY 2.6x ROI 9.8 yr payback