Is solar worth it in 08002 (Cherry Hill, NJ)?

With an average payback period of 9.8 years and 25-year savings of $36,200, solar panels in Cherry Hill, New Jersey are a solid investment.

How much do solar panels cost in 08002?

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

How much solar electricity does 08002 get?

Cherry Hill receives 4.54 kWh/m²/day of solar irradiance. A 6kW system in zip code 08002 produces approximately 7,954 kWh per year.

Solar Panel ROI in 08002

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

2.5x ROI Score

9.8 yrs Payback Period

$1,448/yr Annual Savings

$36,200 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,448

Payback 9.8 yrs

25-yr savings $36,200

Solar Calculator for 08002 (Cherry Hill)

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

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.54 kWh/m²/day

Based on NREL data for Cherry Hill, NJ

ROI Score 2.5x

Annual Production 7,954 kWh

Annual Savings $1,448

Payback Period 9.8 years

25-Year Savings $36,200

After 30% ITC $9,940

Solar Data for 08002 – Cherry Hill, NJ

Solar Irradiance 4.54 kWh/m²/day -8.5% 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 7,954 kWh 6kW system estimate

Cherry Hill gets 4.54 kWh/m²/day (8.5% below national avg) and electricity at $0.182/kWh. The 9.8-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Cherry Hill, 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 Cherry Hill.

08002 vs New Jersey Average

Solar Irradiance

08002: 4.54 NJ avg: 4.8

Payback Period

08002: 9.8 yrs NJ avg: 9.6 yrs

Annual Savings

08002: $1,448 NJ avg: $1,478

25-Year Savings

08002: $36,200 NJ avg: $36,950

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

Nearby Zip Codes — Solar Comparison

19124 Philadelphia, PA 2.1x ROI 11.9 yr payback 19147 Philadelphia, PA 2.1x ROI 11.8 yr payback 19101 Philadelphia, PA 2.1x ROI 11.8 yr payback 19120 Philadelphia, PA 2.1x ROI 11.9 yr payback 19103 Philadelphia, PA 2.1x ROI 11.8 yr payback