Solar Panel Cost Guide in Newton, KS (2024 Update)
- Newton Solar Installation Cost: $17,327
- 25-Year Savings: $16,074
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Newton
Find out what the average cost of installing solar panels is in Newton.
The average cost of solar panels in Newton is 3 per watt.Since a 7.4-kW system is needed to cover the energy usage of a typical home in Newton, the average price of going solar will be about $17,327 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Newton homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the high upfront cost, the average Newton homeowner can save about $22,000 on their energy bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,991 |
| 3 years | $-13,319 |
| 5 years | $-10,647 |
| 7 years | $-7,975 |
| 9 years | $-5,303 |
| 11 years | $-2,631 |
| 13 years | $41 |
| 15 years | $2,714 |
| 17 years | $5,386 |
| 19 years | $8,058 |
| 21 years | $10,730 |
| 23 years | $13,402 |
| 25 years | $16,074 |
Top Solar Installers in Newton
When making the switch to solar, many homeowners prefer to go with a solar installer since overseeing your solar installation yourself can be a challenging project. The expertise that solar companies offer can be invaluable as well, especially if you don’t quite know what brand of solar equipment would be right for your home.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Newton:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
The cost of installing a solar system in Newton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,340.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Newton average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Newton, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Newton, you’ll have many options to choose from, but each comes at various price points for labor and equipment.The company’s size can sometimes play the most considerable role in the installation 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 | $3.47 | $14,589 | $20,863 | 10.3 years |
| 8 kW | $3.41 | $19,078 | $28,191 | 10.1 years |
| 10 kW | $3.34 | $23,380 | $35,707 | 9.9 years |
| 12 kW | $3.27 | $27,495 | $43,409 | 9.7 years |
| 14 kW | $3.21 | $31,423 | $51,299 | 9.5 years |
| 16 kW | $3.14 | $35,164 | $59,375 | 9.3 years |
| 18 kW | $3.07 | $38,717 | $67,639 | 9.1 years |
| 20 kW | $3.01 | $42,084 | $76,089 | 8.9 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 select the right company for you, here are some tips to keep in mind:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
What is the average cost of installing solar panels in Newton?
The average cost of solar panels in Newton is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
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.
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 decreases 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.