Solar Panel Cost Guide in Newton, KS (2023 Update)
- Newton Solar Installation Cost: $13,436
- 25-Year Savings: $30,354
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Newton
We break down average solar pricing in Newton.
In Newton, solar panels cost about 2.59 per watt on average. The average Newton homeowner needs a 7.4-kilowatt system, which would cost about $13,434 with the federal tax credit, or $19,211 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary based on several factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the large upfront cost, the average Newton homeowner can save around $22,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Newton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,100 |
| 3 years | $-9,428 |
| 5 years | $-6,756 |
| 7 years | $-4,084 |
| 9 years | $-1,412 |
| 11 years | $1,260 |
| 13 years | $3,932 |
| 15 years | $6,604 |
| 17 years | $9,277 |
| 19 years | $11,949 |
| 21 years | $14,621 |
| 23 years | $17,293 |
| 25 years | $19,965 |
Top Solar Installers in Newton
Many homeowners choose to use a solar installer since installing solar panels on your own can be a labor-intensive endeavor. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Newton, the EcoWatch team has put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Newton
Factors that Affect Solar Panel Costs in Newton
Even though the average cost of a solar system in Newton is $13,434, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,590. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Newton to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Newton is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should choose, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Newton, KS Solar Cost FAQs
What is the average cost of installing solar panels in Newton?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Newton?
You can't get solar panels for free in Newton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.
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.