Solar Panel Cost Guide in Newton, KS (2023 Update)
- Newton Solar Installation Cost: $13,434
- 25-Year Savings: $30,356
- Payback Period: 7.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Newton
Let's take a look at the average cost of solar in Newton.
The average cost of a solar panel system in Newton is 2.59 per watt. Using this figure, a typical 7.4-kW system would cost about $13,434 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Newton can save about $22,000 on their energy 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 | $-11,683 |
| 3 years | $-8,179 |
| 5 years | $-4,676 |
| 7 years | $-1,173 |
| 9 years | $2,330 |
| 11 years | $5,834 |
| 13 years | $9,337 |
| 15 years | $12,840 |
| 17 years | $16,343 |
| 19 years | $19,847 |
| 21 years | $23,350 |
| 23 years | $26,853 |
| 25 years | $30,356 |
Top Solar Installers in Newton
When going solar, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a difficult project. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Newton
Factors that Affect Solar Panel Costs in Newton
For many Newton homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Newton, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,590 per kilowatt in Newton. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Newton provide solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
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. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that provides the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.69 | $11,313 | $24,139 | 8.0 years |
| 8 kW | $2.64 | $14,794 | $32,475 | 7.8 years |
| 10 kW | $2.59 | $18,130 | $40,957 | 7.7 years |
| 12 kW | $2.54 | $21,321 | $49,583 | 7.5 years |
| 14 kW | $2.49 | $24,367 | $58,355 | 7.4 years |
| 16 kW | $2.43 | $27,268 | $67,271 | 7.2 years |
| 18 kW | $2.38 | $30,023 | $76,333 | 7.1 years |
| 20 kW | $2.33 | $32,634 | $85,539 | 6.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should go with, since different companies provide different panels.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When making the switch to solar power, it's necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Newton, KS Solar Cost FAQs
How much does it cost to install solar panels in Newton?
The average cost of solar panels in Newton is about $12,950 for a 5-kW system and $25,900 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.
Is it better to lease or buy solar panels in Newton?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Newton?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.