Solar Panel Cost Guide in Newton, NC (2024 Update)
- Newton Solar Installation Cost: $16,847
- 25-Year Savings: $20,789
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Newton
Let’s take a look at the average cost of solar panels in Newton.
The average cost of solar panels in Newton is 4 per watt.The average solar panel system size in Newton is around 6.9 kilowatts, meaning a cost of about $16,847 for a solar installation, or $24,091 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what solar installer you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Newton can save around $18,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Newton for a quote for your home.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,525 |
| 3 years | $-12,881 |
| 5 years | $-10,236 |
| 7 years | $-7,592 |
| 9 years | $-4,948 |
| 11 years | $-2,304 |
| 13 years | $341 |
| 15 years | $2,985 |
| 17 years | $5,629 |
| 19 years | $8,273 |
| 21 years | $10,918 |
| 23 years | $13,562 |
| 25 years | $16,206 |
Top Solar Installers in Newton
Although it's possible to install solar panels on your own, it involves extra time and handiness. For that reason, almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you go with a solar company too, which can save you more money after your upfront investment.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Newton
Factors that Affect Solar Panel Costs in Newton
For many Newton homeowners, the decision to go solar rests 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 greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel 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 around $3,510. 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 opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Newton average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.65 | $15,332 | $13,527 | 13.3 years |
| 8 kW | $3.58 | $20,049 | $18,429 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,528 | 12.8 years |
| 12 kW | $3.44 | $28,894 | $28,823 | 12.5 years |
| 14 kW | $3.37 | $33,022 | $34,315 | 12.3 years |
| 16 kW | $3.30 | $36,953 | $40,003 | 12.0 years |
| 18 kW | $3.23 | $40,688 | $45,888 | 11.7 years |
| 20 kW | $3.16 | $44,226 | $51,970 | 11.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The model of solar panel you’d like plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: If you’re concerned about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Newton, NC Solar Cost FAQs
How much does it cost to install solar panels in Newton?
The average cost of solar panels in Newton is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Newton?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Newton?
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 how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.
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.