Solar Panel Cost Guide in Newman, CA (2025 Update)
- Newman Solar Installation Cost: $7,258
- 25-Year Savings: $19,652
- Payback Period: 7.2 Years
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Average Cost of Solar Panels in Newman
See how much it might cost to make the switch to solar in Newman.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newman, the typical cost of a solar system is 3 per watt.The average Newman homeowner needs a 3.0-kilowatt system, which would cost about $7,258 with the federal tax credit, or $10,379 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Newman homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the large initial cost, the average Newman homeowner can save about $32,000 on their energy bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Newman
| Year | Return on Investment |
|---|---|
| 1 years | $-5,720 |
| 3 years | $-2,644 |
| 5 years | $432 |
| 7 years | $3,508 |
| 9 years | $6,583 |
| 11 years | $9,659 |
| 13 years | $12,735 |
| 15 years | $15,811 |
| 17 years | $18,887 |
| 19 years | $21,962 |
| 21 years | $25,038 |
| 23 years | $28,114 |
| 25 years | $31,190 |
Top Solar Installers in Newman
Installing solar panels by yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for you.
If you're searching for a solar installer in Newman, we've organized a list of our top suggestions here:
See all of the solar companies in Newman
Factors that Affect Solar Panel Costs in Newman
While the average cost of a solar system in Newman is $7,258, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in Newman, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,470 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Newman have solar loans, which reduce the initial cost of installing solar panels.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Newman is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.61 | $15,157 | $35,772 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,084 | 7.3 years |
| 10 kW | $3.47 | $24,290 | $60,591 | 7.2 years |
| 12 kW | $3.40 | $28,565 | $73,292 | 7.0 years |
| 14 kW | $3.33 | $32,646 | $86,187 | 6.9 years |
| 16 kW | $3.26 | $36,532 | $99,277 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $112,561 | 6.6 years |
| 20 kW | $3.12 | $43,722 | $126,040 | 6.4 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Newman, CA Solar Cost FAQs
How much does it cost to install solar panels in Newman?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Newman?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.