Solar Panel Cost Guide in Newton, IA (2025 Update)
- Newton Solar Installation Cost: $26,787
- 25-Year Savings: $30,071
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Newton
Let’s take a look at the average cost of solar in Newton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newton, the typical cost of a solar system is 4 per watt.Using this figure, a typical 9.5-kW system would cost about $26,787 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Newton based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront investment in solar panels is worth paying. On average Newton homeowners see about $19,000 in savings on electricity bills over 20 years.
To receive a free quote from a top solar installation company in Newton, you can click the button below.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-25,070 |
| 3 years | $-21,637 |
| 5 years | $-18,204 |
| 7 years | $-14,771 |
| 9 years | $-11,338 |
| 11 years | $-7,905 |
| 13 years | $-4,472 |
| 15 years | $-1,039 |
| 17 years | $2,394 |
| 19 years | $5,827 |
| 21 years | $9,260 |
| 23 years | $12,693 |
| 25 years | $16,126 |
Top Solar Installers in Newton
Many homeowners opt for a solar installer since installing solar panels by yourself can be hard. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your family.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Newton
Factors that Affect Solar Panel Costs in Newton
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $4,010 per kilowatt in Newton.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Newton, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Newton offer solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Newton is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.17 | $17,516 | $13,025 | 14.3 years |
| 8 kW | $4.09 | $22,905 | $17,816 | 14.1 years |
| 10 kW | $4.01 | $28,070 | $22,831 | 13.8 years |
| 12 kW | $3.93 | $33,010 | $28,071 | 13.5 years |
| 14 kW | $3.85 | $37,726 | $33,535 | 13.2 years |
| 16 kW | $3.77 | $42,217 | $39,224 | 13.0 years |
| 18 kW | $3.69 | $46,484 | $45,138 | 12.7 years |
| 20 kW | $3.61 | $50,526 | $51,276 | 12.4 years |
How to Save on Solar Panels
There are a large number of companies available in Newton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Newton, IA Solar Cost FAQs
What is the average cost of installing solar panels in Newton?
The average cost of solar panels in Newton is about $20,050 for a 5-kW system and $40,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Newton?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Newton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.