Is solar worth it in 07501 (Paterson, NJ)?

With an average payback period of 9.9 years and 25-year savings of $35,725, solar panels in Paterson, New Jersey are a solid investment.

How much do solar panels cost in 07501?

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

How much solar electricity does 07501 get?

Paterson receives 4.48 kWh/m²/day of solar irradiance. A 6kW system in zip code 07501 produces approximately 7,849 kWh per year.

Solar Panel ROI in 07501

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

2.5x ROI Score

9.9 yrs Payback Period

$1,429/yr Annual Savings

$35,725 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,429

Payback 9.9 yrs

25-yr savings $35,725

Solar Calculator for 07501 (Paterson)

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

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.48 kWh/m²/day

Based on NREL data for Paterson, NJ

ROI Score 2.5x

Annual Production 7,849 kWh

Annual Savings $1,429

Payback Period 9.9 years

25-Year Savings $35,725

After 30% ITC $9,940

Solar Data for 07501 – Paterson, NJ

Solar Irradiance 4.48 kWh/m²/day -9.7% vs national avg

vs New Jersey Avg -0.9% State avg: 4.8 kWh/m²/day

Electricity Rate $0.182/kWh New Jersey average rate

Annual Production 7,849 kWh 6kW system estimate

Paterson gets 4.48 kWh/m²/day (9.7% 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 Paterson, 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 Paterson.

07501 vs New Jersey Average

Solar Irradiance

07501: 4.48 NJ avg: 4.8

Payback Period

07501: 9.9 yrs NJ avg: 9.6 yrs

Annual Savings

07501: $1,429 NJ avg: $1,478

25-Year Savings

07501: $35,725 NJ avg: $36,950

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

Nearby Zip Codes — Solar Comparison

07011 Clifton, NJ 2.5x ROI 9.9 yr payback 07032 Kearny, NJ 2.5x ROI 9.9 yr payback 07093 West New York, NJ 2.5x ROI 9.9 yr payback 07305 Jersey City, NJ 2.5x ROI 9.9 yr payback 10025 New York, NY 2.5x ROI 9.8 yr payback