Solar Panel Cost Guide in Newport, NH (2024 Update)
- Newport Solar Installation Cost: $14,925
- 25-Year Savings: $15,908
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Newport
We go over average solar pricing in Newport.
While the national average of solar panels is $2.66 per watt, solar panels in Newport typically cost about 4.Since a 5.1-kW system is needed to cover the energy costs of a typical home in Newport, the average price of going solar will be about $14,925 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you choose to go with.With average savings of about $20,000 on electricity bills over 20 years, many homeowners in Newport find investing in solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Newport for a quote for your home.
Solar savings over time in Newport
| Year | Return on Investment |
|---|---|
| 1 years | $-13,518 |
| 3 years | $-10,704 |
| 5 years | $-7,891 |
| 7 years | $-5,077 |
| 9 years | $-2,263 |
| 11 years | $550 |
| 13 years | $3,364 |
| 15 years | $6,178 |
| 17 years | $8,991 |
| 19 years | $11,805 |
| 21 years | $14,619 |
| 23 years | $17,432 |
| 25 years | $20,246 |
Top Solar Installers in Newport
Although it's possible to install solar panels by yourself, it takes extra energy and expertise. Because of that, most people choose a solar panel installer. Another benefit of going with a solar company is that they can help you make the most of your return of investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Newport
Factors that Affect Solar Panel Costs in Newport
For many Newport homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Newport, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,220.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Newport offer solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence your pricing. Newport’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Newport have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $12,681 | 14.8 years |
| 8 kW | $4.30 | $24,105 | $17,381 | 14.5 years |
| 10 kW | $4.22 | $29,540 | $22,317 | 14.2 years |
| 12 kW | $4.14 | $34,739 | $27,489 | 14.0 years |
| 14 kW | $4.05 | $39,702 | $32,897 | 13.7 years |
| 16 kW | $3.97 | $44,428 | $38,542 | 13.4 years |
| 18 kW | $3.88 | $48,918 | $44,424 | 13.1 years |
| 20 kW | $3.80 | $53,172 | $50,541 | 12.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Newport, NH Solar Cost FAQs
What is the average cost of installing solar panels in Newport?
The average cost of solar panels in Newport is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Newport have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.