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Solar Panel ROI in Cape May County, NJ

Is going solar worth it in Cape May County? Here are the numbers.

Avg System Cost

$14,892

After Tax Credit (30%)

$10,424

Est. Payback Period

1.9 yrs

25-Year ROI

1194%

Solar Economics in Cape May County

Investment Breakdown

System Cost (est.)$14,892
Federal Tax Credit (30%)-$4,468

Net Cost$10,424

Annual Savings

Est. Annual Energy Savings$5,397
Median Home Value$372,300

Median Household Income$83,870

About Cape May County, New Jersey

Cape May County in New Jersey has a median household income of $83,870 and median home value of $372,300. With an estimated payback period of 1.9 years, solar is a strong investment for homeowners in this area.

These estimates use county-level medians and national averages for solar irradiance. Your actual ROI depends on roof orientation, shading, local utility rates, and available state/local incentives beyond the federal 30% ITC.

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Other Counties in New Jersey

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: EIA, NREL, DSIRE. Solar cost estimates based on county-level home values and national averages. This is not financial advice.